S&P revises AMP Bank view to negative

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

“The negative outlook revision follows the lowering of our long-term issuer credit rating on AMP Life Ltd. to A+ from AA- with a revised negative outlook and the affirmation of our A rating on AMP Group Holdings Ltd. (AGHL) and AMP Ltd. with revised negative outlooks,” S&P said in a news release.

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