|
|
|
||||||||
|
|
||||||||
|
 
|
|
Company profile |
|
|
|
Shareholder centre |
|
|
|
Media |
|
|
|
Careers |
|
|
|
International activities |
|
|
|
Macquarie in the Community |
|
|
|
|
|
Back to previous page |
|
|
|
|
Macquarie Group ratings confirmed |
|
|
16 November 2007 Following the implementation of the Macquarie Group restructure, the rating agencies have released definitive ratings for entities within the restructured Macquarie Group. These are unchanged from the previously advised provisional ratings. Following the restructure, the two primary external funding vehicles are Macquarie Group Limited and Macquarie Bank Limited. Macquarie Bank will be rated A1/Positive/P-1 by Moody's Investors Service, A/Stable/A-1 by Standard & Poor's and A+ /Stable/F-1 by Fitch Ratings. Moody's noted that the Bank's positive outlook reflected the improvement in the bank's funding profile as a result of the restructuring, as well as the anticipated decrease in its exposure to some large credit concentrations. Macquarie Group Limited will be rated A2/Stable/P-1 by Moody's Investors Service, A-/Stable/A-2 by Standard & Poor's and A/Stable/F-1 by Fitch Ratings As previously advised, there will be no increase in the net debt of the Macquarie Group as a result of the restructure. All existing borrowings in the name of Macquarie Bank Limited will be unaffected by the proposed restructure and will continue to remain outstanding in the name of Macquarie Bank Limited. Contacts:
Richard Nelson
Paula Hannaford |
|
|
|
| Important
information | Privacy
policy Macquarie Group Limited |
|
Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. Past performance of any product described on this site is not a reliable indication of future performance. Other than Macquarie Bank Limited ABN 46 008 583 542 (MBL), any Macquarie Group entity noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise. |
