MELBOURNE (Standard&Poor's) May 13, 2014--Standard&Poor's Ratings Services today assigned its 'BBB+' long-term issue credit rating to the subordinated notes component of Australia and New Zealand Banking Group Ltd.'s (ANZ; AA-/Stable/A-1+) US$60 billion euro medium-term note (EMTN) program. At the same time, we also withdrew both our 'A-' rating on the "old style" subordinated notes and 'BBB+' rating on the junior subordinated notes component of the EMTN program. We note that the long-term 'AA-' rating on ANZ's senior unsecured notes and the long-term 'A-' rating on the subordinated notes that have already been issued and are currently outstanding under the EMTN program are unchanged. We also note that there are currently no rated junior subordinated issues that
