S&P Corrects Rating On Australia And New Zealand Banking Group Ltd.?s ¥35 Billion Fixed-Rate Notes Due 2013 To 'AAA' - S&P Global Ratings’ Credit Research

S&P Corrects Rating On Australia And New Zealand Banking Group Ltd.?s ¥35 Billion Fixed-Rate Notes Due 2013 To 'AAA'

S&P Corrects Rating On Australia And New Zealand Banking Group Ltd.?s ¥35 Billion Fixed-Rate Notes Due 2013 To 'AAA' - S&P Global Ratings’ Credit Research
S&P Corrects Rating On Australia And New Zealand Banking Group Ltd.?s ¥35 Billion Fixed-Rate Notes Due 2013 To 'AAA'
Published Feb 10, 2011
933 words — Published Feb 10, 2011
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Abstract:

MELBOURNE (Standard&Poor's) Feb. 11, 2011--Standard&Poor's Ratings Services said today that it has corrected its rating on Australia and New Zealand Banking Group Ltd.'s (ANZ; AA/Stable/A-1+) ¥35 billion, 1.85% fixed-rate notes due Dec. 24, 2013, to 'AAA' from 'AA', because of an earlier administrative error. On Sept. 15, 2009, we had erroneously assigned an 'AA' rating to the issue. The rating now correctly reflects the long-term sovereign credit rating on Australia (AAA/Stable/A-1+) because the federal government fully guarantees the issue under its Guarantee Scheme for Large Deposits and Wholesale Funding.

  
Brief Excerpt:

RESEARCH S&P Corrects Rating On Australia And New Zealand Banking Group Ltd.aÇÖs AÑ35 Billion Fixed-Rate Notes Due 2013 To '###' Publication date: 10-Feb-2011 Primary Credit Analyst: Michael Vine, Melbourne (61) 3-9631-2102; michael_vine@standardandpoor...

  
Report Type:

Ratings Action

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:
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MLA:
S&P Global Ratings’ Credit Research. "S&P Corrects Rating On Australia And New Zealand Banking Group Ltd.?s ¥35 Billion Fixed-Rate Notes Due 2013 To 'AAA'" Feb 10, 2011. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-Rating-On-Australia-And-New-Zealand-Banking-Group-Ltd-s-35-Billion-Fixed-Rate-Notes-Due-2013-To-AAA-847652>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Corrects Rating On Australia And New Zealand Banking Group Ltd.?s ¥35 Billion Fixed-Rate Notes Due 2013 To 'AAA' Feb 10, 2011. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-Rating-On-Australia-And-New-Zealand-Banking-Group-Ltd-s-35-Billion-Fixed-Rate-Notes-Due-2013-To-AAA-847652>
  
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