Auswide Bank (ASX:ABA) announced today that it has requested Standard & Poor’s (S&P) to withdraw its current issuer rating and the associated S&P rating of its Debt Issuance Program.
The Bank will retain its Moody’s Investor Services (Moody’s) rating of Baa2/P-2 long-term/short-term issuer and deposit ratings with a Stable outlook.
Martin Barrett, Auswide Bank Managing Director advised the decision follows a review of its current ratings agency service requirements and future funding plans for the Bank’s Residential, Business & Consumer finance lending.
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