Moody's assigns first-time ratings to Auswide Bank Ltd
Rating Action: Moody's assigns first-time ratings to Auswide Bank Ltd. Global Credit Research- 18 Sep 2017. Sydney, September 18, 2017-- Moody's Investors Service, has assigned, to Auswide Bank Ltd, first-time long-term/short-term issuer and deposit ratings of Baa2/P-2; a Baseline Credit Assessment and an adjusted BCA of baa2; and long-term/short-term Counterparty Risk Assessments of Baa1/ P-2.Auswide Bank is engaged in raising funds and the provision of finance for housing. Co. also funds personal loans. Co. operates principally within the States of Queensland, New South Wales and Victoria. As at June 30 2013, Co. had total assets of A$2.67 billion.
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