S&P Global AA+/Stable/A-1+
‘Australia’s institutional settings as well as Queensland’s experienced management team and exceptional liquidity coverage continue to underpin the state’s creditworthiness.’
Moody’s Investors Service Aa1/Stable/P1
‘The credit profile of the State of Queensland reflects the strong institutional framework for Australian states and their ability to adjust state-based revenues and expenditures as required. It is also supported by secure and predictable grants from the Government of Australia, ample levels of internal liquidity and a fully funded superannuation liability.’
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 S & P Global 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