On 30 January 2012 Fitch Ratings placed the ratings for the four major Australian banks and their subsidiaries, which includes ANZ National Bank Limited, on Rating Watch Negative (‘RWN’).
In its statement Fitch said it expected any potential downgrades would most likely be limited to one notch, with those entities currently rated at ‘AA’ most at risk.
The rating action for ANZ National Bank Limited is as follows:
-- Long-Term foreign currency IDR: 'AA-', on RWN;
-- Short-Term foreign currency IDR: 'F1+', on RWN;
-- Long-Term local currency IDR: 'AA-', on RWN;
-- Short-Term local currency IDR: 'F1+', on RWN;
-- VR: 'a' unaffected;
-- Support Rating: affirmed at '1';
-- Government guaranteed debt: affirmed at 'AA';
-- Unguaranteed senior unsecured debt: 'AA-', on RWN; and
-- Short-term debt: 'F1+', on RWN.
(IDR) Issuer Default Ratings (VR) Viability Ratings
ANZ’s Long Term Debt rating was recently confirmed as AA- Outlook Stable by Standard & Poor’s, and Aa3 Outlook Stable by Moody’s Investor Services.
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