Westpac Banking Corp. Subordinated Instruments Rating Reinstated At 'BBB+' - S&P Global Ratings’ Credit Research

Westpac Banking Corp. Subordinated Instruments Rating Reinstated At 'BBB+'

Westpac Banking Corp. Subordinated Instruments Rating Reinstated At 'BBB+' - S&P Global Ratings’ Credit Research
Westpac Banking Corp. Subordinated Instruments Rating Reinstated At 'BBB+'
Published Feb 13, 2018
3 pages (1135 words) — Published Feb 13, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SYDNEY (S&P Global Ratings) Feb. 14, 2018--S&P Global Ratings today said it has corrected by reinstating its 'BBB+' rating on Westpac Banking Corp.'s US$800 million subordinated callable fixed rate instruments due Feb. 28, 2023. We had withdrawn the rating in error on Feb. 4, 2018. RELATED CRITERIA Criteria - Financial Institutions - General: Risk-Adjusted Capital Framework Methodology, July 20, 2017 General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017 General Criteria: Guarantee Criteria, Oct. 21, 2016 Criteria - Financial Institutions - Banks: Bank Hybrid Capital And Nondeferrable Subordinated Debt Methodology And Assumptions, Jan. 29, 2015 General Criteria: Group Rating Methodology, Nov. 19, 2013 General Criteria: Methodology: Timeliness Of Payments: Grace Periods, Guarantees, And Use Of 'D'

  
Brief Excerpt:

...SYDNEY (S&P Global Ratings) Feb. 14, 2018--S&P Global Ratings today said it has corrected by reinstating its '###+' rating on Westpac Banking Corp.'s US$800 million subordinated callable fixed rate instruments due Feb. 28, 2023. We had withdrawn the rating in error on Feb. 4, 2018. RELATED CRITERIA + Criteria - Financial Institutions - General: Risk-Adjusted Capital Framework Methodology, July 20, 2017 + General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017 + General Criteria: Guarantee Criteria, Oct. 21, 2016 + Criteria - Financial Institutions - Banks: Bank Hybrid Capital And Nondeferrable Subordinated Debt Methodology And Assumptions, Jan. 29, 2015 + General Criteria: Group Rating Methodology, Nov. 19, 2013 + General Criteria: Methodology: Timeliness Of Payments: Grace Periods, Guarantees, And Use Of 'D' And '##' Ratings, Oct. 24, 2013 + Criteria - Financial Institutions - Banks: Quantitative Metrics For Rating Banks Globally: Methodology And Assumptions,...

  
Report Type:

Ratings Action

Ticker
WBC@AU
Issuer
Westpac Banking Corp.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Australia
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Westpac Banking Corp. Subordinated Instruments Rating Reinstated At 'BBB+'" Feb 13, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Westpac-Banking-Corp-Subordinated-Instruments-Rating-Reinstated-At-BBB-1993554>
  
APA:
S&P Global Ratings’ Credit Research. (). Westpac Banking Corp. Subordinated Instruments Rating Reinstated At 'BBB+' Feb 13, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Westpac-Banking-Corp-Subordinated-Instruments-Rating-Reinstated-At-BBB-1993554>
  
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