ASB Bank Limited Moody’s upgrades ratings for ASB Bank Limited
30 Mai 2024 - 8:00AM
RNS Regulatory News
RNS Number : 3618Q
ASB Bank Limited
29 May 2024
ASB Bank Limited
30 May 2024
Moody's upgrades ratings for ASB Bank Limited
ASB Bank Limited (ASB) announces
Moody's Ratings (Moody's)
has upgraded certain of ASB's ratings.
This follows the announcement made by ASB on
8 March 2024 that Moody's had placed
components of ASB's long term credit rating on
review for upgrade.
Moody's has upgraded ASB's Long-term
issuer rating from A1 to Aa3, and Senior unsecured rating from A1
to Aa3. The announcement of upgrade reflects the one-notch upgrade
in the baseline credit assessment of ASB's ultimate parent,
Commonwealth Bank of Australia, as announced on 27 May 2024,
resulting in a one-notch upgrade of ASB's adjusted baseline credit
assessment.
Following the upgrade, Moody's have
set the outlook for ASB's ratings as stable.
For a list of all the ratings actions
on ASB, refer to Moody's press release published 29 May 2024 titled
"Moody's Ratings has upgraded ASB to Aa3, outlook
stable".
END
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