E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers W > Headlines for Westpac Banking Corp. > News item
Published on 1/12/2023 in the Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

Fitch rates Westpac bond AAA

Fitch Ratings said assigned Westpac Banking Corp.'s £750 million of series 2023-C1 floating-rate mortgage covered bond due 2028 and benefits from a 12-month extendable maturity a AAA rating.

“The AAA rating on the mortgage covered bonds is based on WBC's long-term issuer default rating (IDR) of A+, the various uplifts above the IDR granted to the program and the overcollateralization protection provided through the program’s asset percentage (AP),” Fitch said in a press release.

The outlook is stable.


© 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.