WA loses S&P triple-A in face of expected fiscal action slippage [UPDATED]
- Wednesday, 18 September 2013
Standard & Poor's Ratings Services (S&P) downgraded its ratings on the state of Western Australia (WA) and Western Australian Treasury Corporation (WATC), to AA+ from AAA, on September 18. S&P believes the state government has "limited political will" to fully implement its fiscal action plan which, in the context of a current debt burden "at the high end of the domestic peer group", has spurred a downgrade.
