(The following statement was released by the rating agency)
SYDNEY, April 09 (Fitch) This announcement corrects the version published on 08
April 2013 to include the rating assignment of a new bond. A correct version is
Fitch Ratings has assigned Queensland Treasury Corporation's (QTC) AUD4.6bn
guaranteed June 2019 bond a 'AAA' rating. It has also affirmed QTC's senior
unsecured rating and the rest of its outstanding guaranteed bonds at 'AAA'. A
list of affected issues can be found below.
KEY RATING DRIVERS
The affirmation of the guaranteed senior unsecured debt rating reflects the
affirmation of the Commonwealth of Australia at 'AAA' on 28 March 2013. The
affirmed outstanding bonds and the newly rated bond benefit from a guarantee of
the Commonwealth of Australia.
QTC is a funding vehicle wholly owned by the State of Queensland (AA/Stable).
The ratings of the Commonwealth of Australia-backed securities are linked to the
ratings of the sovereign. A downgrade of the Long-term Issuer Default Rating of
the Commonwealth of Australia will result in a downgrade of QTC's guaranteed
senior unsecured debt rating.
Queensland Treasury Corporation (QTC):
Senior unsecured debt rating guaranteed by the Commonwealth of Australia
affirmed at 'AAA'.
14-Aug-2013 AUD1,989,000,000 6% AU000QT40424 affirmed at 'AAA'
14-Oct-2015 AUD2,245,000,000 6% AU000QT40358 affirmed at 'AAA'
14-Sep-2017 AUD 4,723,588,000 6% AU0000XQLQH7 affirmed at 'AAA'
14-Jun-2019 AUD4,613,474,000 6.25% AU0000XQLQKI assigned 'AAA'
14-Jun-2021 AUD3,233,580,000 6% AU000QT40341 affirmed at 'AAA'
+61 2 8256 0323
Fitch Australia Pty. Ltd.,
Level 15, 77 King Street, Sydney NSW 2000
+61 2 8256 0343
+49 69 7680 7611
Media Relations: Iselle Gonzalez, Sydney, Tel: +61 2 8256 0326, Email:
Additional information is available at 'www.fitchratings.com'. The ratings above
were unsolicited and have been provided by Fitch as a service to investors.
Applicable criteria, 'Tax-Supported Rating Criteria', dated 14 August 2012;
'International Local and Regional Governments Ratings Criteria - Outside the
United States', dated 17 August 2012; and 'Ratings of Public Sector Entities
Outside the United States', dated 4 March 2013; are available at
Applicable Criteria and Related Research
Tax-Supported Rating Criteria
Rating of Public Sector Entities - Outside the United States
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licence no. 337123) which authorises it to provide credit ratings to wholesale
clients only. Credit ratings information published by Fitch is not intended to
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