NSW back to stable with S&P while Queensland remains AA+ [UPDATED]
- Tuesday, 16 June 2009
The state of New South Wales (NSW) and NSW Treasury Corporation (TCorp) (both AAA/Aaa/AAA) had their ratings outlook improved to stable by Standard & Poor’s (S&P) on the back of what the rating agency called a strong state budget. On the same day S&P affirmed its ratings and stable outlooks on Queensland and Queensland Treasury Corporation (both AA+/Aa1/AA+) after the state also issued its 2009/10 budget.
