Both rating agencies conduct an annual review of the State's:
- economic structure and prospects;
- financial performance and outlook;
- balance sheet position;
- liquidity and debt management strategy; and
- the Government's fiscal strategy.
Standard & Poor's
On 24 August 2017, Standard & Poor’s reaffirmed the State of Victoria’s triple-A credit rating, citing ‘the state’s very strong financial management and economy, exceptional liquidity and the extremely predictable and supportive institutional framework’.
Moody's Investor Services
On 28 August 2017, Moody’s reaffirmed the State of Victoria's triple-A rating with a stable outlook, citing ‘Victoria’s credit quality reflects ample financial flexibility, healthy operating surpluses and a diverse economic base'.