Moody's Ratings has affirmed Tasmania's Aa2 credit rating.
This is on the back of S&P recently reconfirming Tasmania's AA+ rating, which is in line with most other mainland states.
In support of the rating opinion, Moody's highlights the broad stability of Tasmania's finances, underpinned by stable revenues and a resilient and diverse State economy.
Treasurer, Guy Barnett, welcomed the report and said that the 2030 Strong Plan for Tasmania's Future was delivering for Tasmanians.
"Tasmanians can be confident that we will return the Budget to surplus and I am not underestimating the task at hand," the Treasurer said.
"Like other states and territories, we know that COVID-19 has resulted in structural challenges in the Budget.
"Our net debt position is no surprise – like every other state in the country, we used our strong balance sheet to support our economy, shielding businesses, jobs and our community from the impacts of the pandemic.
"We have simultaneously continued to invest in much needed infrastructure – like schools, roads and hospitals following years of chronic underinvestment from the disastrous Labor-Green Government.
"We have also stood up and taken responsibility to address the wrongs of the past and the shortcomings in the protection of our children.
"All of this has had significant Budget impacts, but these investments keep Tasmanians in jobs, grow our economy, and puts food on the table for hundreds of thousands of Tasmanians.
"Our plan is delivering for Tasmanians and that is clearly shown by the 26 per cent growth in the economy in the past 10 years, to a record $40.6 billion, under the Liberal Government.
"In that time, our population has increased 12 per cent and 45,000 new jobs have been created.
"We will continue to back in Tasmanian businesses and promote economic growth while charting a sensible pathway to surplus."
