Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

(ANZ)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 07/30
27.71 AUD   -0.14%
07/29NATIONAL AUSTRALIA BANK : to launch $1.9 bln share buyback
RE
07/29AERIS RESOURCES : Now debt free
AQ
07/29Inflation Woes Continue to Batter New Zealand Business Sentiment in July, ANZ Survey Shows
MT
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australia and New Zealand Banking : Fitch revises outlook on ANZ to stable

04/12/2021 | 05:35pm EDT

News Release

For Release: 13 April 2021

Fitch revises outlook on ANZ to stable

ANZ confirms Fitch Ratings (Fitch) yesterday revised the outlook on the long-term Issuer Default Rating (IDR) for ANZ, and its wholly-owned New Zealand subsidiary ANZ Bank New Zealand Limited (ANZNZ), to stable from negative.

Fitch affirmed ANZ's and ANZNZ's long-term IDR at 'A+'.

Fitch also reaffirmed all the ratings on long-term and short-term senior debt issued by ANZ and ANZNZ and ANZ's subordinated debt and hybrid Tier 1 capital instruments.

In explaining the reasons for revising ANZ's outlook, Fitch stated:

"The Outlook revision reflects Australia's improved economic prospects and increased certainty, which gives Fitch greater confidence that ANZ's financial profile is likely to remain consistent with its current ratings over the next two years."

"The Stable Outlook reflects our view that ANZ has sufficient headroom in its financial metrics to maintain the current rating, even in a scenario that is moderately weaker than our base case. Australia's good handling of the health aspects of the coronavirus pandemic has allowed the economy to rebound strongly; we now expect GDP to expand by 4.7% in 2021. Downside to this forecast remains, particularly until the vaccination programme is completed, but has reduced significantly since early 2020."

In support of its revision of ANZNZ's outlook, Fitch stated that it "regards ANZNZ as a key and integral part of ANZ, offering products and services to clients in a market the group considers to be core."

For media enquiries contact:

For analyst enquiries contact:

Stephen Ries

Scott Gifford

Head of Corporate Communications

Head of Debt Investor Relations

+61 409 655 551

+61 434 076 876

Approved for distribution by ANZ's Continuous Disclosure Committee

Australia and New Zealand Banking Group Limited 9/833 Collins Street Docklands Victoria 3008 Australia ABN 11 005 357 522

Disclaimer

ANZ - Australia & New Zealand Banking Group Ltd. published this content on 13 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2021 21:34:07 UTC.


© Publicnow 2021
All news about AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
07/29NATIONAL AUSTRALIA BANK : to launch $1.9 bln share buyback
RE
07/29AERIS RESOURCES : Now debt free
AQ
07/29Inflation Woes Continue to Batter New Zealand Business Sentiment in July, ANZ..
MT
07/29AERIS RESOURCES : Repays $20 Million Senior Debt Balance, Taps ANZ Bank as Senio..
MT
07/28S&P/ASX 200 : Australia's Q2 Inflation Rises at Fastest Pace Since 2008 on Highe..
MT
07/26AUSTRALIA AND NEW ZEALAND BANKING : Consumer confidence continues its descent
PU
07/25AUSTRALIA AND NEW ZEALAND BANKING : Redemption of outstanding ANZ Capital Notes ..
PU
07/22AUSTRALIA AND NEW ZEALAND BANKING : Notice Corporations Act Subsection 259C(2)
PU
07/22MARKET CHATTER : ING's Foreign Exchange Curbs In Taiwan Lifted Early
MT
07/20TRANSCRIPT : Shayne Elliott with Mark Burrows - Nine News
PU
More news
Financials
Sales 2021 17 506 M 12 856 M 12 856 M
Net income 2021 6 022 M 4 423 M 4 423 M
Net Debt 2021 - - -
P/E ratio 2021 13,6x
Yield 2021 5,01%
Capitalization 78 332 M 57 546 M 57 527 M
Capi. / Sales 2021 4,47x
Capi. / Sales 2022 4,31x
Nbr of Employees 37 844
Free-Float -
Chart AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Duration : Period :
Australia and New Zealand Banking Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 27,71 AUD
Average target price 29,92 AUD
Spread / Average Target 7,98%
EPS Revisions
Managers and Directors
Shayne Cary Elliott Chief Executive Officer & Executive Director
Shane Buggle Chief Financial Officer
Paul Dominic O'Sullivan Chairman
Gerard Florian Group Executive-Technology
Michael Liarakos Chief Compliance Officer