The disclosure of this credit rating is strictly for the information of institutional & 'wholesale' clients/shareholders/investors, international clients/shareholders/investors and equity analysts. It is not disclosed for use by 'retail' clients/shareholders/investors and therefore should not be considered by or distributed to 'retail' clients/shareholders/investors when making a decision in relation to any 'financial product' issued by Auswide Bank or its subsidiaries.
BBB and a short term rating of A-2 with a stable outlook issued by ratings agency Standard & Poor's (Australia) Pty Limited (AFSL No: 337565) issued on 29 June 2016. Full details are contained in the: Research Report.
This rating is issued by Standard & Poor's for ' wholesale' clients only and is not intended for and must not be distributed to any person in Australia other than a ' wholesale' client.
"BBB" is an accepted investment grade credit rating for Australian financial institutions and indicates Standard and Poor's assessment of Auswide Bank's adequate financial capacity (its creditworthiness) to pay its financial obligations.
The company was first assigned a credit rating by Standard & Poor's in November 2005. At the time this was only the third such rating given to an Australian building society or credit union.
Standard & Poor's, a subsidiary of The McGraw-Hill Companies, is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data.