Treasury sounds warning over NSW credit rating ahead of big spending budget

While Moodys have forecast a stable outlook, spending measures spark warning over triple A rating

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Treasury officials have warned the New South Wales government its triple A credit rating could be at risk as it prepares to hand down its final budget before the state election next year.

The Guardian understands that in the lead-up to the next budget on 21 June, Treasury told the government that a series of big spending announcements coupled with pressure on the state's finances could lead to a downgrade in its prized triple A credit rating.

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