MELBOURNE (Standard&Poor's CreditWire) May 30, 2000-- Standard&Poor's today assigned its triple-'B' long-term and 'A-2' short-term counterparty credit ratings to Bank of Queensland Ltd.'s A$350 million debt instrument program. Under the program, Bank of Queensland can issue short- and long-term debt instruments either alternately or simultaneously. Investors should be aware that subsequent pricing supplements can amend or replace the terms and conditions of the notes to allow for the issue of subordinated instruments. Standard&Poor's will separately rate these drawdowns as they occur, Standard&Poor's said.--CreditWire
