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Bank of Melbourne AA-/A-1+ Ratings Reinstated By S&P Feb 98
Standard & Poors, Feb 1998
Abstract
MELBOURNE -- Standard & Poor's CreditWire 2/25/98 -- At the request of Westpac Banking Corp.., Standard & Poor's today reinstated its double'A'-minus long-term and 'A-1'-plus short-term counterparty ratings on the Bank of Melbourne Ltd. The double-'A'-minus rating on Bank of Melbourne's US$750 million medium-term note program and the 'A-1'-plus rating on its certificate of deposit program are affirmed. The ratings outlook is stable, Standard & Poor's said. -- CreditWire...
Companies mentioned in this report are: Bank of Melbourne Ltd.,Westpac Banking Corp.
Action: Affirmed
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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