Vic gets AAA credit rating, again

Victoria has retained its AAA credit rating from credit ratings agency Standard and Poor's.

S&P also found the state had a stable outlook, which when combined with the AAA status, is the agency's highest rating.

"In our view, Victoria has demonstrated its own financial strength through its prudent approach to debt and liquidity management, as well as the development of medium and long-term fiscal and economic strategies," S&P's report said.

It makes Victoria the only Australian state with a stable AAA rating from both S&P and Moody's Investors Service.

Victorian Treasurer Michael O'Brien said S&P's report supported the government's economic plans and management.

"Today's announcement by Standard and Poor's confirms the strength of Victoria's finances," Mr O'Brien said in a statement on Friday.

"This report underlines the importance to Victoria of the coalition government's strong economic management."