‘So bad’: Jacqui Felgate shocked by government’s credit rating admission

Jacqui Felgate cannot believe the government hasn’t planned for a worst-case scenario if Victoria’s credit rating is downgraded.

Treasury official Chris Barrett made the concession on Tuesday, with state treasurer Jaclyn Symes set to fly to New York to meet with officials over the state’s low AA rating.

Press PLAY to hear Jacqui Felgate’s full comments on the state’s credit rating 

“This is so bad,” she said on 3AW Drive.

“It’s the stuff of financial nightmares.”

Image (background): iStock