July 22 (Reuters) - Moody's:
* SAYS AUSTRALIAN STATES FACE RISING DEBT BURDENS FROM GROWING REVENUE AND EXPENDITURE PRESSURES
* SAYS PROPERTY-RELATED REVENUES WILL REMAIN SOFT IN 2020 IN THE LARGER EASTERN STATES IN AUSTRALIA
* SAYS AUSTRALIAN STATES ARE VULNERABLE TO COST PRESSURES IN EDUCATION, HEALTH OVER 2019-23, ON THE BACK OF POPULATION GROWTH,AGING DEMOGRAPHICS
* SAYS AUSTRALIAN STATES ARE ALSO VULNERABLE TO UNBUDGETED HEALTH AND EDUCATION COSTS AND TO SLIPPAGE IN MAJOR INFRASTRUCTURE SPENDING PROGRAMS
* ADDITIONAL DEBT FUNDING COULD BE REQUIRED IF AUSTRALIAN STATES DON'T MEET LOW EXPENDITURE TARGETS OR IF SLIPPAGES IN CAPITAL SPENDING PROGRAMS
* SAYS FUNDING REQUIREMENTS OF AUSTRALIAN STATES PROJECT, SIGNIFICANT INCREASE IN DEBT OVER FOUR YEARS TO FISCAL 2023, AROUND AUD45 BILLION PER YEAR
* SAYS 2020 BUDGETS FOR STATES IN AUSTRALIA REVEAL REVENUE PRESSURES FROM HOUSING MARKET CORRECTION, SOFTER DOMESTIC ECONOMY, ELEVATED DEBT LEVELS