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AAP
AAP
Business
Alex Mitchell

Doomsday prophecy over GST 'rip-off' fails to come true

GST Moody Daniel Mookhey SP New South Wales
Moody's reaffirmed a top-shelf rating for NSW because of the state's "diverse and robust economy". (Bianca De Marchi/AAP PHOTOS)

Taxpayers have been spared the pain of higher interest bills after NSW held onto a coveted triple-A credit rating, confounding dire predictions from the state's treasurer.

Moody's reaffirmed the top-shelf rating because of the state's "diverse and robust economy" on Wednesday, adding "strong" government performance also contributed to lending confidence.

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