Credit rating agency Standard & Poor’s has confirmed that Victoria will maintain its triple-A rating.

 

State Treasurer Kim Wells welcomed the confirmation, saying that it is a strong vote of confidence for the government’s management of the economy.

 

"Standard & Poor's analysis has also recognised the economic strength of Victoria's resilient and diversified economy relative to other Australian states.” Mr Wells said.

 

The stable outlook reflects our opinion of the government's commitment to fiscal prudence. This includes a fiscal strategy that seeks to maintain an adequate operating performance and a strong balance sheet.,” Standard & Poor’s report read.