S&P ratings revise Australian state Queensland rating outlook to negative

  • Might be seeing some higher debt costs soon

Australia news, tweet via Head of Financial Markets Strategy, Westpac, Martin Whetton:

queensland s%P rating negative utlook 19 February 2025

S&P cites weaker budget performance.

Sheesh, if Queensland is copping it some other states (looking at you Victoria) can't be far behind.

This is not an AUD positive.

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