Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Australia and New Zealand Banking Group Ltd.

Bulletin: Australia and New Zealand Banking Group Ltd. Ratings Unchanged After Internal Review Results

Published Aug 22, 2008

458 words — Published Aug 22, 2008

Price Free | Buy this Report Now

About This Report

Abstract:

MELBOURNE (Standard&Poor's) Aug. 22, 2008--Standard&Poor's Ratings Services today said that its ratings on Australia and New Zealand Banking Group Ltd. (ANZ; AA/Stable/A-1+) and ANZ's subsidiaries are unchanged following the bank's review, which highlighted some limitations in the risk management of its securities lending. Given ANZ's involvement in recent events surrounding the securities lending business, the bank had initiated this review. Several remedial actions on the risk management issues, including a change in senior executives and a strengthening of risk management processes and procedures, are viewed as supportive of the ratings.

Brief Excerpt:

RESEARCH Bulletin: Australia and New Zealand Banking Group Ltd. Ratings Unchanged After Internal Review Results Publication date: 22-Aug-2008 Primary Credit Analyst: Derryl D'Silva, Melbourne (61) 3-9631-2106; derryl_d'silva@standardandpoors.com...

Report Type:

Bulletin

Ticker

ANZ@AU

Issuer

Australia and New Zealand Banking Group Ltd.

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Structured Finance

Country

Australia

Region

United States

Format:

PDF

Research Update: Ratings On ANZ Banking Group Affirmed On Strong Ability To Weather Expected Mild Recession; Outlook Stays Stable – 2009/07/01 – US$ 225.00

Summary: Australia and New Zealand Banking Group Ltd. – 2009/07/27 – US$ 225.00

Australia and New Zealand Banking Group Ltd. – 2009/07/27 – US$ 500.00

Ratings On ANZ Affirmed Following Announced Acquisition Of ING Group's Wealth-Management And Life-Insurance Operations – 2009/09/25 – US$ 150.00

Research Update: Ratings On Australia and New Zealand Banking Group Ltd. Affirmed After Announced Acquisition Of ANZ-ING Joint Ventures – 2009/09/25 – US$ 225.00

ANZ Banking Group Ratings Affirmed Despite Increase In Debt Provisions – 2008/07/29 – US$ 150.00

Research Update: ANZ Banking Group Ratings Affirmed Despite Increase In Debt Provisions – 2008/07/29 – US$ 225.00

Australia and New Zealand Banking Group Ltd. – 2008/05/30 – US$ 500.00

Summary: Australia and New Zealand Banking Group Ltd. – 2008/05/30 – US$ 225.00

Australia and New Zealand Banking Group Ltd. – 2008/04/01 – US$ 500.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Australia and New Zealand Banking Group Ltd. Ratings Unchanged After Internal Review Results" Aug 22, 2008. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Australia-and-New-Zealand-Banking-Group-Ltd-Ratings-Unchanged-After-Internal-Review-Results-666838>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Australia and New Zealand Banking Group Ltd. Ratings Unchanged After Internal Review Results Aug 22, 2008. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Australia-and-New-Zealand-Banking-Group-Ltd-Ratings-Unchanged-After-Internal-Review-Results-666838>

Free

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Residential Mortgage-Backed Securities from one place.