Standard & Poor’s AA+/Stable/A-1+
‘Queensland’s economy is very strong and supports its ratings. Its nominal Gross State Product (GSP) per capita of about $63,000 (US$62,600) between June 2012 and 2014 is high by international standards, and reflects the state’s wealthy and relatively diverse economy.’
Moody’s Investors Service Aa1/Negative/P1
‘Queensland’s credit quality reflects the state’s strong budget flexibility which it allows it to adjust revenues and expenditures as required to meet fiscal challenges.’
The Treasurer of Queensland, on behalf of the Queensland State Government, guarantees:
- all of QTC’s obligations under all debt securities issued by QTC from time to time, 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.
Balanced debt maturity profile supported by liquid reserves
Disciplined approach to financial risk management
Comprehensive, regular market updates
Valued long-term investor and intermediary relationships