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AAP
AAP
Sarah Spina-Matthews

State keeps top-tier credit rating despite massive debt

A ratings agency says NSW is well placed to stare down any economic shocks, reaffirming its status. (Joel Carrett/AAP PHOTOS)

Australia's only state with the coveted Triple-A credit rating from one major agency has held onto it despite ballooning debt.

The forecast from Fitch means the NSW taxpayer will be spared the pain of higher interest bills, despite accumulating a gross debt of a staggering $178.5 billion as of June.

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