Moody's downgrades Queensland and QTC after review
- Thursday, 21 May 2009
Following a ratings review commenced in late February, Moody’s Investors Service (Moody’s) downgraded the state of Queensland and Queensland Treasury Corporation (QTC) from Aaa to Aa1 on May 21. Both state and treasury corporation were downgraded by Standard & Poor’s in February on the back of falling revenues.
