Credit Ratings

Standard & Poor’s AA+/Stable/A-1+

‘Queensland has exceptional liquidity, a very strong economy, strong financial management and budgetary performance, and low contingent liabilities. The stable outlook reflects our expectation that the State’s financial management will remain strong and its budgetary performance will continue to improve.’

Moody’s Investors Service Aa1/Stable/P1

‘The rating reflects Queensland’s financial performance which has shown improvements in recent years. Credit is also supported by the state’s growing and diverse economy.’

Government guaranteed

The Treasurer of Queensland, on behalf of the Queensland State Government, guarantees:

• all of QTC’s obligations under all debt securities issued by QTC, and
• QTC’s payment obligations to counterparties under derivative transactions governed by ISDA agreements.

In addition to the Queensland State Government Guarantee, selected domestic and global AUD denominated bond lines, issued by QTC, are guaranteed by the Australian Government and carry a AAA/Aaa credit rating form Standard & Poor’s and Moody’s Investors Service respectively.