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Rockhampton Regional Council was recently subject to a credit review and received a good outcome, with a moderate rating and a neutral outlook.
The credit review was undertaken by the Queensland Treasury Corporation (QTC) and was based on information up to November 30, 2020.
The credit review evaluated council’s current financial policy, ongoing financial viability, borrowing capacity for individual projects and overall businesses, debt funding requirements and financial targets and strategies to achieve those targets.
Council’s borrowings are forecast at $55m for the current year.
The credit review stated council had “stable financial performance, adequate debt serviceability and expected improvement in leverage metrics over the 10 year forecast period”.