For release: 7 July 2016
ANZ comments on S&P outlook changeANZ today confirmed Standard & Poor's decision to revise the outlook on the Commonwealth of Australia has resulted in a change in the credit rating outlook of ANZ and its strategically important entities* along with the other major Australian banks from stable to negative.
S&P reaffirmed ANZ's 'AA-' long-term and 'A-1+' short term issuer credit ratings and stated the stand-alone credit profile of ANZ remains unchanged.
The ratings outlook change has not impacted the ratings of hybrid or subordinated debt issued by ANZ.
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*S&P Outlook Changes for ANZ entities
Entity | To | From |
ANZ Wealth Australia Ltd. Counterparty Credit Rating Local Currency | A+/Negative/A-1 | A+/Stable/A-1 |
Australia and New Zealand Banking Group Ltd. ANZ Bank New Zealand Ltd. Counterparty Credit Rating | AA-/Negative/A-1+ | AA-/Stable/A-1+ |
OnePath Life (NZ) Ltd. OnePath Life Ltd. Counterparty Credit Rating Local Currency Financial Strength Rating Local Currency | AA-/Negative/ AA-/Negative/ | AA-/Stable/ AA-/Stable/ |
ANZ Bank (Taiwan) Ltd. Counterparty Credit Rating Taiwan National Scale | A+/Negative/A-1 twAAA/Negative/twA-1+ | A+/Stable/A-1 twAAA/Stable/twA-1+ |
Australia and New Zealand Bank (China) Co. Ltd. Counterparty Credit Rating | A+/Negative/A-1 | A+/Stable/A-1 |
ANZ - Australia & New Zealand Banking Group Ltd. published this content on 07 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 July 2016 09:40:03 UTC.
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