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Macquarie Group Limited — Capital/Financing Update 2007
Nov 15, 2007
10518_rns_2007-11-15_d1062470-495a-4458-aeec-c2623d683043.pdf
Capital/Financing Update
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Macquarie Group Limited ABN 94 122 169 279
No.1 Martin Place Sydney NSW 2000 GPO Box 4294 Sydney NSW 1164
Telephone (61 2) 8232 3333 Facsimile (61 2) 8232 7780 Telex 122246 Internet http://www.macquarie.com.au DX 10287 SSE SWIFT MACQAU2S
Treasury 8232 3600 Facsimile 8232 4227 Foreign Exchange 8232 3666 Facsimile 8232 3019 Metals and Mining 8232 3444 Facsimile 8232 3590 Futures 9231 1028 Telex 72263 Debt Markets 8232 8569 Facsimile 8232 8341 Agricultural Commodities 8232 7672 Facsimile 8232 3633
ASX/Media Release
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MACQUARIE GROUP RATINGS CONFIRMED
SYDNEY, 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/A1 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, Macquarie Group Investor Relations +612 8232 5008 Paula Hannaford, Macquarie Group Corporate Communications +612 8232 4102