BEN bendigo and adelaide bank limited

bendigo bank maintains rating

  1. 409 Posts.
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    A credit ratings agency has reaffirmed its recent rating of Bendigo and Adelaide Bank at BBB+/F2 and an individual rating of B/C has been assigned to the bank.

    The ratings agency has noted that BEN has loans totalling $580 million to about 8000 high net worth Great Southern MIS investors.

    Importantly it noted that although a small number of investors are considering legal action the amount at risk is small and the bank has clarified its legal right to full recourse.

 
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