Australia and New Zealand Banking Group Ltd. — Capital/Financing Update 2016

Jul 6, 2016

News Release

For release: 7 July 2016

ANZ comments on S&P outlook change

ANZ today confirmed Standard & Poor’s decision to revise the outlook on the Commonwealth of Australia has resulted in a change in the credit rating outlook of ANZ and its strategically important entities* along with the other major Australian banks from stable to negative.

S&P reaffirmed ANZ’s ‘AA-’ long-term and ‘A-1+’ short term issuer credit ratings and stated the stand-alone credit profile of ANZ remains unchanged.

The ratings outlook change has not impacted the ratings of hybrid or subordinated debt issued by ANZ.

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*S&P Outlook Changes for ANZ entities

Entity	To	From
ANZ Wealth Australia Ltd.Counterparty Credit RatingLocal Currency	A+/Negative/A-1	A+/Stable/A-1
Australia and New Zealand BankingGroup Ltd.ANZ Bank New Zealand Ltd.Counterparty Credit Rating	AA-/Negative/A-1+	AA-/Stable/A-1+
OnePath Life (NZ) Ltd.OnePath Life Ltd.Counterparty Credit RatingLocal CurrencyFinancial Strength RatingLocal Currency	AA-/Negative/AA-/Negative/	AA-/Stable/AA-/Stable/
ANZ Bank (Taiwan) Ltd.Counterparty Credit RatingTaiwan National Scale	A+/Negative/A-1twAAA/Negative/twA-1+	A+/Stable/A-1twAAA/Stable/twA-1+
Australia and New Zealand Bank(China) Co. Ltd.Counterparty Credit Rating	A+/Negative/A-1	A+/Stable/A-1