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AAP

Business

Michael Ramsey

WA reclaims AAA rating after nine years

Mark McGowan SP Global Western Australia Australia

Premier Mark McGowan said the upgrade highlighted WA's status as a safe investment destination. (AAP)

Western Australia's favourable GST return has been highlighted as the state secured a AAA credit rating for the first time in almost a decade.

Ratings agency S&P Global says the upgrade from AA+ reflects WA's "continued budgetary outperformance" compared with other jurisdictions.

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