Moody’s upgrades ratings for ASB Bank Limited

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

ASB FINANCE LIMITED (87UO)
UK 100
FTSE quotes by TradingView

Latest directors dealings

All directors dealings today