(The following statement was released by the rating agency)
SYDNEY, July 30 (Fitch) Fitch Ratings has assigned Police Bank
Bank) AUD300m Debt Issuance Programme Senior Unsecured Long-term
ratings of 'BBB+' and 'F2' respectively.
KEY RATING DRIVERS & SENSITIVITIES - SENIOR DEBT
The programme ratings are at the same level as Police Bank's
Short-term Issuer Default Ratings (IDR), in line with Fitch's
criteria, and are
broadly sensitive to the same considerations that might affect
the bank's IDRs
(see Rating Action Commentary dated 14 April 2014).
Police Bank Ltd' ratings are:
Long-term Foreign Currency IDR at 'BBB+'; Outlook Stable
Short-term Foreign Currency IDR at 'F2'
Viability Rating at 'bbb+'
Support Rating at '5'
Support Rating Floor at 'NF'
Long-term Senior Unsecured rating assigned at 'BBB+'
Short-term Senior Unsecured rating assigned at 'F2'
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Media Relations: Leni Vu, Sydney, Tel: +61 2 8256 0326, Email:
Additional information is available on www.fitchratings.com
Applicable criteria, Global Financial Institutions Rating
Criteria, dated 31
January 2014, is available at www.fitchratings.com.
Applicable Criteria and Related Research:
Global Financial Institutions Rating Criteria
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