Moody's withdraws MyState Limited's Ba1 (hyb) subordinated MTN rating for business reasons
Rating Action: Moody's withdraws MyState Limited's Ba1 subordinated MTN rating for business reasons. Global Credit Research- 25 Nov 2021. Sydney, November 25, 2021-- Moody's Investors Service has today withdrawn the Ba1 floating rate subordinated medium term notes rating of MyState Limited.MyState is a provider of banking, trustee and wealth management products and services through its wholly-owned subsidiaries MyState Bank Limited and Tasmanian Perpetual Trustees Limited. The banking division's product offerings include lending, encompassing home loans, personal, overdraft, line of credit and commercial products; transactional savings accounts and fixed term deposits; and insurance products. The wealth management division is a provider of funds management, financial planning and trustee services. It operates predominantly within Tasmania. As of June 30 2016, Co. had total assets of A$4.42 billion and total deposits of A$3.26 billion.
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