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ANZ comments on Moody's ratings following methodology changes (PDF 24kB)

Published on 3 March 2010

ANZ today confirmed that consistent with its announcement of 19 November 2009, Moody’s Investors Service (Moody’s) has downgraded a range of Tier-1 and Upper Tier-2 securities, including some securities issued by ANZ and ANZ National Bank Limited (see attached list) along with other domestic peer banks.

An announcement by Moody’s today confirmed sector wide methodology changes for rating hybrid securities and subordinated debt issued by banks globally.

This was first flagged by Moody’s late last year following a period of industry consultation commencing in June 2009. The downgrades are, three notches for the Tier-1 securities, and one notch for one of the Upper Tier-2 securities as described in the attached list.

ANZ and ANZ National Bank Limited’s deposit, senior debt, and Lower Tier-2 subordinated debt ratings are not impacted. Moody’s Guidelines for Rating Bank Hybrid Securities and Subordinated Debt are available on moodys.com. 

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ANZ comments on Moody's ratings following methodology changes (PDF 24kB)
2010-03-03
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