Moody's upgrades ANZ's Senior and Subordinated Debt Ratings
Moody’s Investors Service (Moody’s) today upgraded the following key debt ratings for Australia and New Zealand Banking Group Limited (ANZBGL):
Rating | To | From |
Senior Unsecured Debt | Aa2 | Aa3 |
Subordinated Debt | A3 | Baa1 |
Moody’s has reaffirmed ANZBGL’s ‘Stable’ outlook.
The upgrade of ANZBGL’s ratings resulted from the application of Moody’s Advanced Loss Given Failure analysis to certain Australian banks, including ANZBGL, following the publication of Moody’s updated banks methodology on 5 March 2024.
For a list of all of the ratings actions on ANZBGL, refer to Moody’s press release published today titled “Rating Action: Moody’s takes rating actions on 11 Australian banks following Banks methodology update”
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