Credit rating summary
Standard & Poor's
Long-Term: A-
Short-Term: A-2
Outlook: Stable
On 2 April 2024, Standard & Poor's Global Ratings (S&P) updated its long-term issuer credit rating for Bendigo and Adelaide Bank Limited from BBB+ to A-.
The upgrade reflected S&P’s view of reduced industrywide risks following continued strengthening of regulatory and governance standards in the Australian banking sector. S&P also upgraded all the rated subordinated debt instruments issued by BEN from BBB- to BBB.
The outlook was also updated from Positive to Stable.
Download the Standard & Poor's Global Ratings update.
Fitch Ratings
Long-Term: A-
Short-Term: F2
Outlook: Stable
On 14 May 2024, Fitch Ratings reaffirmed Bendigo and Adelaide Bank Limited's (BEN) Long-Term Issuer Default Rating (IDR) at 'A-' with a Stable outlook and affirmed the Viability Rating (VR) at 'a-'.
Moody's
Long-Term: Baa1
Short-Term: P-2
Outlook: Stable
On 6 March 2024, Moody's updated the long-term issuer and senior unsecured debt ratings of Bendigo and Adelaide Bank Limited from A3 to Baa1. The change followed and update in Moody's methodology for rating Australian Banks which now incorporates their Advanced Loss Given Failure analysis. The change does not impact BEN's baseline credit assessment (BCA) of ‘baa1’ or short term rating of 'P-2'. The ratings outlook remains stable. The update to the Moody's rating can be downloaded here.
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Postal address
The Bendigo Centre
PO Box 480
Bendigo VIC 3552
Registered head office
The Bendigo Centre
Bendigo VIC 3550
Australia
F: 03 5485 7668
