Bendigo and Adelaide Bank Ltd. Long-Term Rating On Senior Unsecured Program Corrected To #BBB+#

Stocks and Financial Services Press Releases Monday December 18, 2017 18:05
MELBOURNE--18 Dec--S&P Global Ratings

MELBOURNE (S&P Global Ratings) Dec. 18, 2017--S&P Global Ratings today said it has corrected its long-term rating on Bendigo and Adelaide Bank Ltd.'s (BEN; BBB+/Stable/A-2) A$7.5 billion senior unsecured medium-term note program. We corrected the senior unsecured program rating to 'BBB+' from 'A-'. Due to a process error, the program rating was inadvertently not lowered on May 21, 2017, when we lowered our issuer credit rating on BEN and our ratings on other debt issued by the bank. All other ratings on BEN, including all notes issued under the program are unaffected by this correction.


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