Ratings

Standard & Poor’s and Moody’s Investors Service rate the short term and long term currencies as follows:

Agency	Long Term Australian Currency	Long Term Foreign Currency	Short Term
Standard & Poor's	AAA	AAA	A1+
Moody's Investors Service	Aaa/Stable	Aaa/Stable	Prime-1

The following links are to the recent reviews of TCorp's rating (Full reports):

Moody's
Moody's NSW Credit Opinion, January 2009
Moody's Investors Service Review, September 2008

Standard and Poors
Standard and Poor's Research Update, June 2009
Standard and Poor's News Release, June 2008
Standard and Poor's Review, December 2007
Standard and Poor's Review, December 2006

The following links are to recent News Releases in relation to TCorp's/NSW's rating: