Research Update: Rating On Bank of Queensland Affirmed On Proposed Merger With Home Building Society - S&P Global Ratings’ Credit Research

Research Update: Rating On Bank of Queensland Affirmed On Proposed Merger With Home Building Society

Research Update: Rating On Bank of Queensland Affirmed On Proposed Merger With Home Building Society - S&P Global Ratings’ Credit Research
Research Update: Rating On Bank of Queensland Affirmed On Proposed Merger With Home Building Society
Published Aug 31, 2007
Published Aug 31, 2007
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Aug. 31, 2007 Standard&Poor's Rating Services affirmed its 'BBB+/A-2' issuer credit ratings on Bank of Queensland Ltd. (BoQ) with a stable outlook. At the same time, the outlook on the 'BBB/A-2' ratings on Home Building Society (HBS) was revised to positive. The actions follow the announcement by BoQ that it has approached HBS with a merger proposal. The merger will be funded through a scrip offer of 0.844 BoQ share and A$2.80 for each HBS share, and is expected to be completed by end of 2007 to early 2008. HBS is a mainly retail-funded residential lender in Western Australia. The ratings on BoQ reflect improvements, which are likely to be sustained and further embedded over the medium

  
Report Type:

Research Update

Ticker
BQD@AU
Issuer
Bank of Queensland Ltd.
GICS
Regional Banks (40101015)
Sector
Global Issuers, Structured Finance
Country
Australia
Region
Pacific
Format:
PDF Adobe Acrobat
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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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Rating On Bank of Queensland Affirmed On Proposed Merger With Home Building Society" Aug 31, 2007. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Rating-On-Bank-of-Queensland-Affirmed-On-Proposed-Merger-With-Home-Building-Society-599033>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Rating On Bank of Queensland Affirmed On Proposed Merger With Home Building Society Aug 31, 2007. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Rating-On-Bank-of-Queensland-Affirmed-On-Proposed-Merger-With-Home-Building-Society-599033>
  
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