Australia Ratings Assigns 11 New Ratings to ASX Listed Debt Securities including ANZ & NAB.
Melbourne, 2 March 2015 – Australia Ratings
announced today it has assigned credit ratings and product complexity
indicators to a further 11 debt and hybrid securities listed on the ASX.
Issuers of securities covered in the latest release include ANZ, NAB,
Colonial and IAG.
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.
The new ratings and product complexity indicators (PCI) are listed below:
Ratings’ Managing Director, Chris Dalton, said “With today’s release of
a further 11 ratings, Australia Ratings has now assigned ratings to a
total of 76 ASX listed securities.” He said “the ratings of securities
released today fall within what Australia ratings considers the high end
of its credit rating scale. However the product complexity
indicators range from BLUE, a relatively 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”.
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. The new ratings and reports are available at
For more information contact:
Chris Dalton, Managing Director
0403 584 600
03 8080 6684