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Auswide Bank Announces Credit Rating Received of BBB plus / F2 from Fitch Ratings

Auswide Bank announced it has received a first time credit rating of BBB+/F2 (long term/short term) with a stable outlook from Fitch Ratings.

Managing director Martin Barrett said this rating is testament to the strength of the bank including robust capital, strong risk management processes and sound asset quality.

The dual rating which includes Moodys rating of Baa2/P2 (outlook stable) provides a strong platform to maintain growth in the Bank’s Residential, Business and Consumer finance lending.

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