MELBOURNE (Standard&Poor's) June 24, 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+) Australian dollar (A$) unlimited debt issuance program (DIP). This rating action will facilitate the rating of future issuances by ANZ of Basel III-qualifying subordinated notes issued under this program. At the same time, we have assigned our 'BBB+' issue rating to ANZ's proposed A$750 million floating rate subordinated note to be issued under the program. Further, and at the same time, we withdrew our 'A-' long-term rating on the "old style" Basel II-qualifying subordinated notes component of the Program. We note that the long-term 'AA-' rating
