QTC Affirms TRC Credit Rating As Sound

In April 2024, Queensland Treasury Corporation completed the Credit Review process for Toowoomba Regional Council (TRC). TRC’s credit rating has been affirmed as Sound with a Neutral outlook.

Toowoomba Region Mayor Cr Geoff McDonald said he welcomed the recent QTC Credit Review process and outcome.

“It is pleasing that Council’s consistent approach to financial management of balancing affordability for residents, while delivering essential services, has been acknowledged,” Mayor McDonald said.

“Council is well aware of the cost-of-living pressures which residents face every day, with the same inflationary pressure also impacting Council’s bottom line.

“We’ve seen large increases to the costs of materials during the past two years due to supply and demand pressures, with Council largely shouldering these cost increases on behalf of residents.

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