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AUSTRALIA: MOODY'S ASSIGNS NEW RATINGS TO BENDIGO AND ADELAIDE BANK LTD.

Publication: IPR Strategic Business Information Database
Publication Date: 07-APR-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Moody's Investors Service has assigned A2 / Prime-1 deposit and debt ratings to Bendigo and Adelaide Bank Limited, and a bank financial strength rating (BFSR) of C. The outlook for all the ratings is stable. "The ratings reflect the new bank's diversified business profile and stable retail franchise, which includes an important retail deposit base," says Marina Ip, a Moody's Analyst, "However, it is constrained by an increased exposure to the wholesale markets through its consolidated entity Adelaide Bank." Bendigo and Adelaide Bank Limited is the result of the merger on 30 November 2007 between two regional banks...

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