SBS credit rating affirmed at ‘BBB’

NZX Release 3 August 2023 SBS credit rating affirmed at 'BBB', outlook stable On 1 August 2023, Fitch Ratings (Fitch) affirmed Southland Building Society's (SBS) credit rating at 'BBB' and revised the outlook from positive to stable. Refer to the attached Fitch rating action commentary on SBS. ENDS For further information, please contact: Mandy Oosterbroek Marketing Manager 027 500 1247 Mandy.oosterbroek@sbsbank.co.nz This document has been authorised for release by Mark McLean, Group Chief Executive End CA:00415742 For:SBS Type:GENERAL Time:2023-08-03 10:19:17