Fitch changes ratings for Australian major banks

ANZ today confirmed Fitch Ratings (Fitch) has changed its ratings of the Australian major banks, resulting in ANZ’s Long-Term Issuer Default Rating (IDR) decreasing one-notch to A+ from AA-. The Outlook on its Long-Term IDR remains Negative.

ANZ’s Short-Term IDR has also been downgraded to F1 from F1+. The full list of ANZ’s ratings are:

• Senior Debt: A+

• Subordinated Debt: A-

• Hybrid Debt: BBB

Source ANZ Limited

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