Source: ANZ statements
ANZBGL
|
Rating |
To |
From |
|
Tier 2 |
A- |
BBB+ |
|
Additional Tier 1 |
BBB |
BBB- |
ANZ NZ
|
Rating |
To |
From |
|
Tier 2 |
A |
A- |
|
Additional Tier 1 |
BBB+ |
BBB |
S&P has reaffirmed ANZBGL’s and ANZ NZ’s ‘Stable’ outlook.
The upgrade resulted from a one-notch increase in ANZBGL’s stand-alone credit profile (SACP) to ‘a+’ from ‘a’. The improvement in ANZBGL’s SACP does not result in a change to ANZBGL’s and ANZ NZ’s issuer credit rating and senior unsecured debt ratings of AA-.
Announcing the upgrade, S&P said that “The rating actions reflect continued strengthening of institutional and governance standards in the Australian banking sector that have reduced industrywide risks. Simplified business models and advances in risk management have also contributed to this improvement.”
For further information on these rating actions, refer to S&P’s media release dated 2 April 2024.
Approved for distribution by ANZ Group’s Continuous Disclosure Committee