Australia Ratings Assigns 12 New Ratings to ASX Listed Debt Securities
Melbourne, 2 February 2015 – Australia Ratings announced today it has assigned credit ratings and product complexity indicators to a further 12 debt and hybrid securities listed on the ASX. The ratings have been issued as part of the ASX’s Debt and Hybrid Research Scheme under which Australia Ratings was appointed in November 2014 to assign credit ratings to debt and hybrid securities traded on the ASX.
Ratings announced today include those assigned to financial institutions and corporate issuers. The new ratings and product complexity indicators (PCI) are listed below:
Australia Ratings’ Managing Director, Chris Dalton, said “With today’s release of a further 12 new ratings, Australia Ratings has now assigned ratings to a total of 65 ASX listed securities.” He said “the ratings of securities released today fall within what Australia ratings considers the high and intermediate categories of its rating scale. However the product complexity indicators range from GREEN, a simple security, to RED which represents a very complex security.” Dalton commented that “investors should consider both the credit quality of the issuer as well as the complexity of the terms and conditions of the security to help determine the suitability of the security for an investor”.
The combination of a credit rating, which is an assessment of the credit quality of issuer of the security, and a Product Complexity Indicator give investors a clear and simple guide to credit quality and the complexity of the security.
For more information contact:
The new ratings and reports are available by clicking on the blue ASX icon above.
Chris Dalton, Managing Director
03 8080 6684