Ann: CREDIT: ANB: Fitch places major Australian B

• Release Date: 01/02/12 13:45
• Summary: CREDIT: ANB: Fitch places major Australian Banks on Rating Watch
• Price Sensitive: No
• Download Document  1.34KB

					

ANB
01/02/2012 11:45
CREDIT

REL: 1145 HRS ANZ National Bank Limited

CREDIT: ANB: Fitch places major Australian Banks on Rating Watch

On 30 January 2012 Fitch Ratings placed the ratings for the four major
Australian banks and their subsidiaries, which includes ANZ National Bank
Limited, on Rating Watch Negative ('RWN').

In its statement Fitch said it expected any potential downgrades would most
likely be limited to one notch, with those entities currently rated at 'AA'
most at risk.

The rating action for ANZ National Bank Limited is as follows:

-- Long-Term foreign currency IDR: 'AA-', on RWN;
-- Short-Term foreign currency IDR: 'F1+', on RWN;
-- Long-Term local currency IDR: 'AA-', on RWN;
-- Short-Term local currency IDR: 'F1+', on RWN;
-- VR: 'a' unaffected;
-- Support Rating: affirmed at '1';
-- Government guaranteed debt: affirmed at 'AA';
-- Unguaranteed senior unsecured debt: 'AA-', on RWN; and
-- Short-term debt: 'F1+', on RWN.

(IDR) Issuer Default Ratings (VR) Viability Ratings

ANZ's Long Term Debt rating was recently confirmed as AA- Outlook Stable by
Standard & Poor's, and Aa3 Outlook Stable by Moody's Investor Services.

* * * *

For media enquiries contact:

Stefan Herrick
Senior Manager External Communications
Tel: +64 9 252 6418
Email: [email protected]
End CA:00219077 For:ANB    Type:CREDIT     Time:2012-02-01 11:45:20