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FITCH RAISES QUEENSLAND'S FOREIGN CURRENCY RATING TO AA-PLUS.

AsiaPulse News

| February 04, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, Feb 4 Asia Pulse - International ratings agency Fitch Ratings today lifted the State of Queensland's long-term foreign currency rating to AA-plus from AA.

Fitch said the long-term outlook for the State of Queensland's long-term foreign currency was stable.

This upgrade came after Fitch raised the Commonwealth of Australia's long-term foreign currency rating to AA-plus from AA.

Fitch also raised the long-term rating on the Commonwealth Bank of Australia's debt issues that carry a Commonwealth Government ...

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