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Credit rating

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 14 May 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-'.

Download the Fitch report.


Long-Term:  Baa1
Short-Term: P-2 
Outlook:      Stable

On 6 March 2024, Moody's updated the long-term issuer and senior unsecured debt ratings of Bendigo and Adelaide Bank Limited from A3 to Baa1. The change followed and update in Moody's methodology for rating Australian Banks which now incorporates their Advanced Loss Given Failure analysis. The change does not impact BEN's baseline credit assessment (BCA) of ‘baa1’ or short term rating of 'P-2'. The ratings outlook remains stable. The update to the Moody's rating 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

F: 03 5485 7668

Bendigo and Adelaide Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Information on this page can change without notice to you.
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