Credit rating summary
Standard & Poor's
Long-Term: A-
Short-Term: A-2
Outlook: Stable
On 2 April 2024, Standard & Poor's Global Ratings (S&P) updated its long-term issuer credit rating for Bendigo and Adelaide Bank Limited from BBB+ to A-.
The upgrade reflected S&P’s view of reduced industrywide risks following continued strengthening of regulatory and governance standards in the Australian banking sector. S&P also upgraded all the rated subordinated debt instruments issued by BEN from BBB- to BBB.
The outlook was also updated from Positive to Stable.
Download the Standard & Poor's Global Ratings update.
Fitch Ratings
Long-Term: A-
Short-Term: F2
Outlook: Stable
On 19 November 2024, Fitch Ratings reaffirmed Bendigo and Adelaide Bank Limited's (BEN) Long-Term Issuer Default Rating (IDR) at 'A-' with a Stable outlook and affirmed the Viability Rating (VR) at 'a-'.
Moody's
Long-Term: Baa1
Short-Term: P-2
Outlook: Positive
On 29 November 2024, Moody’s reaffirmed the long-term issuer and senior unsecured debt ratings at Baa1, and short-term rating at P-2. The outlook was upgraded from Stable to Positive. Moody’s announcement can be downloaded here.
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Postal address
The Bendigo Centre
PO Box 480
Bendigo VIC 3552
Registered head office
The Bendigo Centre
Bendigo VIC 3550
Australia
F: 03 5485 7668