S&P changes AMP Bank to negative

S&P said it revised the outlook on AMP Bank Ltd. to negative from stable and affirmed its A/A-1 long- and short-term issuer credit ratings.

S&P said it affirmed the ratings because it considers AMP Bank's credit quality reflects that of AMP Group Holdings Ltd. (A/negative/A-1).

The negative outlook reflects that on AMP Group because of the guarantee.

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