MELBOURNE (Standard&Poor's) Feb. 17, 2012--Standard&Poor's Ratings Services said today that its 'AA-/A-1+' issuer credit ratings on Australia and New Zealand Banking Group Ltd (ANZ) are unchanged following ANZ's 2012 First Quarter Market Update. The ratings on ANZ's subsidiaries, including its 100%-owned New Zealand banking subsidiary ANZ National Bank Ltd. (ANZ National), also are unchanged. ANZ's performance for the quarter ended Dec. 31, 2011, was consistent with our 'AA-' long-term issuer credit rating on the bank. We continue to view ANZ's credit rating as being supported by its "strong" business position; "adequate" risk position and capitalization and earnings; and high systemic importance in the Australian banking sector. Our outlook for ANZ is stable. We view ANZ's funding
