On Dec. 15, 2022, the ANZ Group announced that it had obtained shareholder approval to establish a non-operating holding company and to separate the banking and non-banking businesses. The restructure does not affect the credit quality of the Australia and New Zealand Banking Group Ltd. (ANZ Bank) and its subsidiaries, in our view. On Dec. 20, 2022, we affirmed all our ratings on ANZ Bank and its subsidiaries. The outlooks on the ANZ Bank and its subsidiaries remain stable. SYDNEY (S&P Global Ratings) Dec. 20, 2022--S&P Global Ratings today affirmed its ratings on Australia and New Zealand Banking Group Ltd. (ANZ Bank; AA-/Stable/A-1+) and its subsidiaries. This follows shareholder approval to restructure the group under a non-operating holding company (NOHC),
