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Queensland avoids credit downgrade, maintains AA+ rating despite fiscal challenges and negative outlook.
Queensland has avoided a credit rating downgrade, keeping its AA+ rating from S&P Global with a negative outlook amid ongoing fiscal challenges.
The state’s debt is projected to reach $205.7 billion by 2028–29, with modest deficits expected over the next two years before a return to surplus.
The government credits spending controls, headcount limits, and procurement reforms for the outcome, while economists and opposition leaders warn the negative outlook reflects persistent risks and delayed action could increase borrowing costs and strain public services.
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Queensland evita la rebaja de crédito, mantiene la calificación AA + a pesar de los desafíos fiscales y las perspectivas negativas.