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AMP LIMITED — Capital/Financing Update 2021
Nov 4, 2021
64379_rns_2021-11-04_e3bb55d8-b9f2-46db-b615-cfc616e05b7d.pdf
Capital/Financing Update
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ASX RELEASE | 5 November 2021
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Moody’s ratings update
AMP Limited notes the 5 November 2021 announcement by Moody’s that it has lowered its ratings on AMP Group Holdings Limited and AMP Group Finance Services Limited from Baa2 to Baa3. The rating assigned to AMP Bank by Moody’s remains unchanged at Baa2.
The outlook for AMP Group entities and AMP Bank has been downgraded to negative, partly reflecting that AMP would have a smaller capital and earnings base post demerger of its Private Markets business in 1H 22. The changes are not material to the operations of AMP.
AMP continues to have a strong balance sheet and capital position. All credit ratings assigned to AMP by other ratings agencies remain unchanged.
| Moody’s1 | Standard & Poor’s2 | |
|---|---|---|
| AMP Limited | - | BBB- |
| AMP Group Holdings Limited/AMPGroup Finance Services Limited | Baa3 | BBB- |
| AMP Bank Limited | Baa2 | BBB |
1 Negative 2 Stable
Media enquiries
Investor enquiries
| Mark Roberts | Jason Bounassif |
|---|---|
| Mobile: +61 466 328 581 | Phone: +61 2 9257 9684 |
| Katherine Perry | Michael Vercoe |
| Mobile: +61 411 247 629 | Phone: +61 2 9257 4244 |
Authorised for release by the Market Disclosure Committee.
CORPORATE AFFAIRS T 02 9257 6127 E [email protected] W AMP.com.au/media AMP_AU
AMP LIMITED 33 Alfred Street, Sydney NSW 2000 Australia ABN 49 079 354 519