QTC downgraded but other states may dodge bullet â€" for now
- Tuesday, 24 February 2009
Standard & Poor’s (S&P)’s decision to downgrade the state of Queensland and its funding authority, Queensland Treasury Corporation (QTC), to AA+ may not be the first in a wave of downgrades to Australian semi-governments, although the rating agency acknowledges there is “only downside risk” in state revenue projections.
