REG - ASB Bank Limited - Fitch Ratings upgrades ratings for ASB Bank Ltd

Commonwealth Bank of AustraliaAnnouncement

10/03/2026 08:00

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RNS Number : 9571V  ASB Bank Limited  09 March 2026

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".

 

END

 

For further information, please contact:

 

Stephen Lucas

General Manager Treasury, ASB Bank Limited

funding@asb.co.nz

 

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