Research Update: Ratings On State Of Western Australia Affirmed At 'AAA/A-1+'; Outlook Stable Oct 11
- Language: English
- Published: October 2011
- Region: Australia
Intrinsically linked with its owner, the state of Western Australia Strong institutional framework Prudent fiscal management High levels of GSP per capita Like with all Australian states, the institutional framework to which Western Australia is subject has a degree of structural imbalance between revenue powers and expenditure responsibilities In accordance with our criteria for government-related entities (GREs), our view of an "almost certain" likelihood of extraordinary support is based on the state's guarantee of all of WATC's financial liabilities, including all of its debt obligations and our assessment of WATC's: "Critical" operational role in managing the state's and its authorities' debt, a significant proportion of the state's financial assets, and providing corporate financial advice; and "Integral" link with the Western...
Companies mentioned in this report are: Western Australian Treasury Corp.
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Research Type: Full Analysis