July 7, 2016
ANZ comments on S&P outlook change
ANZ 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.