Major Australian Banks And Macquarie Bank Outlooks Revised To Stable On Sovereign Outlook Change; Ratings Affirmed

On June 7, 2021, we revised the outlook on our long-term ratings on Australia to stable from negative. The government's swift and decisive fiscal and health response to contain the pandemic and limit long-term economic scarring has seen the economy recover quicker and stronger than we previously expected. We are revising to stable from negative our outlooks on each of the four major Australian banks and Macquarie Bank Ltd., Export Finance Australia, and National Housing Finance and Investment Corp. At the same time, we are affirming our ratings on these entities. The stable outlook reflects the outlook on Australia. SYDNEY (S&P Global Ratings) June 7, 2021--S&P Global Ratings today said it has revised its outlooks to stable from negative on

...June 7, 2021 - On June 7, 2021, we revised the outlook on our long-term ratings on Australia to stable from negative. The government's swift and decisive fiscal and health response to contain the pandemic and limit long-term economic scarring has seen the economy recover quicker and stronger than we previously expected. - We are revising to stable from negative our outlooks on each of the four major Australian banks and Macquarie Bank Ltd., Export Finance Australia, and National Housing Finance and Investment Corp. At the same time, we are affirming our ratings on these entities. - The stable outlook reflects the outlook on Australia. SYDNEY (S&P Global Ratings) June 7, 2021--S&P Global Ratings today said it has revised its outlooks to stable from negative on the long-term issuer credit ratings on the following Australia-based financial institutions: - The four major Australian banks: Australia and New Zealand Banking Group Ltd. (ANZ), Commonwealth Bank of Australia (CBA), National Australia...

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