t
On 28 March 2025, ASB Bank Limited announced that Fitch Ratings upgraded the outlook on ASB's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Positive from Stable. Fitch affirmed ASB's Long-Term IDRs at 'A+', its Short-Term IDR at 'F1', and its Shareholder Support Rating at 'a+'. This upgrade follows Fitch's upgrade of the outlook on ASB's ultimate parent, Commonwealth Bank of Australia, on 27 March 2025.
| Date | 28 Mar 2025 |
| Time | 07:00:01 |
| Category | Corporate updates |
| ID | 6634C |
ASB Bank Limited
28 March 2025
Fitch upgrades outlook for ASB Bank Limited
ASB Bank Limited (ASB) announces Fitch Ratings (Fitch) has upgraded ASB's ratings outlook to Positive from Stable.
Fitch has revised the outlook on ASB's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Positive, from Stable, and has affirmed the ratings at 'A+'. At the same time, Fitch has affirmed the Short-Term IDR at 'F1' and Shareholder Support Rating at 'a+'. The announcement of upgrade follows the upgrade to Positive from Stable in the outlook on the Long-Term IDR of ASB's ultimate parent, Commonwealth Bank of Australia, as announced on 27 March 2025.
For a list of all the ratings actions on ASB, refer to Fitch's press release published 28 March 2025 titled "Fitch Revises Outlook on ASB Bank to Positive; Affirms at 'A+'".
For further information, please contact:
Stephen Lucas, General Manager Treasury
Level 2 ASB North Wharf, 12 Jellicoe Street, Auckland 1010, New Zealand
email: [email protected]
END