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ASB Bank Limited announced on 10 March 2026 that Fitch Ratings upgraded its Long-term Foreign- and Local-Currency Issuer Default Ratings to AA- from A+, its Short-Term Issuer Default Rating to 'F1+' from 'F1', and its Shareholder Support Rating to 'aa-' from 'a+'. Following these upgrades, Fitch set the outlook for ASB's ratings as stable. This action reflected a one-notch upgrade in the Viability Rating of ASB's ultimate parent, Commonwealth Bank of Australia, announced on 6 March 2026.
| Date | 10 Mar 2026 |
| Time | 07:00:02 |
| Category | Miscellaneous |
| ID | 9571V |
ASB Bank Limited
Issuer Legal Entity Identifier (LEI): 549300IBZWZL1KTPF918
10 March 2026
Fitch Ratings upgrades ratings for ASB Bank Limited
ASB Bank Limited (ASB) announces Fitch Ratings (Fitch) has upgraded certain ratings of ASB. This follows the announcement made by ASB on 28 March 2025 that Fitch had upgraded ASB's outlook to Positive from Stable.
Fitch has upgraded ASB's Long-term Foreign- and Local-Currency Issuer Default Ratings to AA- from A+. The announcement of upgrade reflects the one-notch upgrade in the Viability Rating of ASB's ultimate parent, Commonwealth Bank of Australia, as announced on 6 March 2026. At the same time, Fitch has upgraded ASB's Short-Term Issuer Default Rating to 'F1+' from 'F1', and Shareholder Support Rating to 'aa-' from 'a+'.
Following the upgrade, Fitch has set the outlook for ASB's ratings as stable.
For a list of all the ratings actions on ASB, refer to Fitch's press release published 9 March 2026 titled "Fitch Upgrades ASB Bank Limited's Long-Term IDR to 'AA-', Outlook Stable".
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For further information, please contact:
Stephen Lucas
General Manager Treasury, ASB Bank Limited