Australia News

Queensland Credit Rating Outlook Downgraded

The Liberal-National government warned the cost of borrowing would be higher.
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Queensland Credit Rating Outlook Downgraded
An image of Australian $50 banknotes. A. Ming/ The Epoch Times
Monica O’Shea
|Updated:
0:00

Queensland’s credit rating outlook has been downgraded from AA+ stable to AA+ negative by ratings agency S&P Global.

This outlook could risk pushing up borrowing costs for the sunshine state ahead of the Brisbane 2032 Olympics.

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Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]