WA tops debt list as states binge

Original article by Richard Gluyas
The Australian – Page: 4 : 23-Feb-18

Standard & Poor’s forecasts that the combined debt of Australia’s state and territory governments will blow out by 5.1 per cent in 2018, to $A257.8bn. They will also refinance or repay some $A45.4bn worth of debt, according to the credit ratings agency. Meanwhile, the Western Australian government’s debt is expected to rise from $A45.8bn to $A56bn in 2019, which would see its debt-to-revenue ratio rise from 102 per cent to 114 per cent. The state has a credit rating of "AA-plus" with a negative outlook.

CORPORATES
STANDARD AND POOR’S FINANCIAL SERVICES LLC, WESTERN POWER CORPORATION

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