Fitch turns Westpac view to stable

Fitch Ratings said it affirmed Westpac Banking Corp.'s long-term issuer default rating at A+ and revised the outlook to stable from negative. The agency also affirmed the ratings on its senior unsecured and subordinated debt instruments.

“The revision of the outlook to stable reflects Australia's improved economic prospects, with WBC's financial profile now likely to remain consistent with the current ratings over the next two years,” Fitch said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.