Ratings On Macquarie Group And Bank Raised On Strengthening Risk Management; Outlook Stable

The Macquarie group and bank's risk management capabilities have strengthened over time in the context of a wide and complex range of credit and noncredit risk exposures across various businesses and geographies. We are raising our long-term issuer credit rating on MGL to 'BBB+' from 'BBB' and on MBL to 'A+' from 'A'. We are also raising our long-term issuer credit rating on MBL's hybrid debt instruments by one notch reflecting the improvement in the bank's stand-alone credit quality. The stable outlook reflects our expectation that our ratings on the Macquarie group and MBL will remain unchanged over the next two years. SYDNEY (S&P Global Ratings) Dec. 11, 2019--S&P Global Ratings today said it has raised its long-term issuer credit

...December 11, 2019 - The Macquarie group and bank's risk management capabilities have strengthened over time in the context of a wide and complex range of credit and noncredit risk exposures across various businesses and geographies. - We are raising our long-term issuer credit rating on MGL to '###+' from '###' and on MBL to 'A+' from 'A'. We are also raising our long-term issuer credit rating on MBL's hybrid debt instruments by one notch reflecting the improvement in the bank's stand-alone credit quality. - The stable outlook reflects our expectation that our ratings on the Macquarie group and MBL will remain unchanged over the next two years. SYDNEY (S&P Global Ratings) Dec. 11, 2019--S&P Global Ratings today said it has raised its long-term issuer credit ratings on Australia-based Macquarie Group Ltd. (MGL)--the nonoperating holding company of the Macquarie group--and Macquarie Financial Holdings Pty Ltd. (MFHPL), an intermediate nonoperating holding company of the investment banking...

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