Queensland Warned Credit Rating Could be Downgraded

Queensland’s AA+ credit rating was first downgraded in 2009 and has remained at that level since.

An image of The Star's Queen Wharf casino and leisure complex from the Neville Bonner Bridge connecting the CBD to South Bank in Brisbane, Australia on Sept. 14, 2024. Daniel Y. Teng/The Epoch Times

Queensland’s 15-year AA+ credit rating may be under threat due to rising costs and increased government spending, according to S&P Global.

The credit rating assessed based on factors such as the state’s economic structure, financial performance, liquidity, debt management, and fiscal strategy.