Moody’s drops WA credit rating
MOODY’S Investors Service has downgraded Western Australia‘s credit rating, in yet another blow to the state’s budget woes. Read more here: Telegraph
Tagged: WA
WA loses Aaa rating
By Elizabeth Redman Moody's downgraded the state's issuer and debt ratings to Aa1 from Aaa and changed the outlook to stable from negative, blaming the state's ongoing deficit position, the deterioration in its debt...
$1 billion budget black hole tipped as WA’s credit rating downgraded
It was the second credit ratings downgrade in less than a year, and followed a period of strong growth of the resources sector and increased reliance by the State Government on mining royalties. Low...
Moody’s downgrades WA’s debt rating
“The challenges related to narrowing the budget gaps include greater volatility in the state’s revenue base, reflecting its increasing reliance on royalty income, expenditure pressures related to the rapid expansion in the state’s economy...
Private sector could help fund WA’s rail fleet: Waldock
By Jessica Strutt The private sector stumps up all, or part, of the capital costs, with the Government paying it back in instalments, plus interest, over an agreed period. The private sector could be...
Plan to reduce power bills by passing costs to producers
The Government has to look at the structural issues surrounding Synergy, that’s the major driver of costs in the Western Australian electricity system. “The Government has to look at the structural issues surrounding Synergy...
Small business to lead growth as mining slows
The report by Curtin University showed the proportion of the workforce employed in mining had decreased over the last two years by 2 per cent from its peak in 2012 and sits at 7....
WA inquiry to examine FIFO worker suicides
By Jacob Kagi A Western Australian parliamentary committee will examine a spate of suicides among fly-in, fly-out workers, after the idea received unanimous support by MPs tonight. This week, the family of mining supervisor...
Few women in top WA jobs result of ‘perfect storm’
The Filling the Pool report commissioned by the Committee for Perth follows figures released last week showing that the wage gap in the state is also the worst in the country with men paid...
Iron ore price plummet sparks revenue fears for WA
By Stephanie Dalzell In June, the price of iron ore dropped to US$89 a tonne and despite a slight recovery, Dr Nahan said the period of low prices was posing a threat to state...
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