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flag Queensland avoids credit downgrade, maintains AA+ rating despite fiscal challenges and negative outlook.

flag Queensland has avoided a credit rating downgrade, keeping its AA+ rating from S&P Global with a negative outlook amid ongoing fiscal challenges. flag 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. flag 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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