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NTTCorp borrows funds from the domestic and international financial markets by offering a range of financial products. The funds raised by the Corporation assist to finance the Northern Territory’s infrastructure requirements such as housing, transport, health and education services.
As at 30 June 2007, NTTCorp's total outstanding debt was A$2.002 billion of domestic debt. Total Borrowing in 2006-07 (97kb pdf file) was A$338 million.
The Corporation is rated Aa1 by Moody's Investors Service.
The Corporation's credit rating has a 'stable' rating outlook based on the ongoing support by the Commonwealth and Government policies designed to improve the Territory's fiscal and debt position.
All obligations incurred or assumed by the Northern Territory Treasury Corporation are guaranteed by the Treasurer on behalf of the Northern Territory under section 20 of the Northern Territory Treasury Corporation Act.