ANZ NZ comments on S&P upgrade of PPS & subordinated notes

ANZ New Zealand comments on S&P upgrade of PPS and subordinated notes ANZ Bank New Zealand Limited (ANB) today confirmed S&P Global Ratings (S&P) has upgraded ANB's rated: o perpetual preference shares (PPS) from BBB to BBB+; and o subordinated notes from A- to A. The PPS and subordinated notes contribute to ANB's regulatory capital requirements as prescribed by the Reserve Bank of New Zealand. The upgrade resulted from a one-notch increase in Australia and New Zealand Banking Group Limited's, ANB's parent bank, stand-alone credit profile. S&P reaffirmed ANB's issuer credit rating of AA- with a stable outlook. Penny Dell Treasurer Phone: +64 4 439 2474 Email: nztreasurer@anz.com End CA:00428990 For:ANB Type:ADMIN Time:2024-04-03 16:07:47