Plans to raid Queensland public servants’ superannuation fund have been highlighted as a factor by rating agency Standard and Poor’s in keeping the state’s credit rating steady.
And it says Queensland could regain its AAA rating within two years.
On Wednesday, the agency announced it was keeping Queensland’s rating at AA+/A-1+, which is just below a triple-A rating.
It said the rating was based on Queensland’s very strong economy, exceptional liquidity, strong financial management and budgetary performance, and low contingent liabilities.
But it said Queensland’s “average budgetary flexibility” and high debt…
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