Moody's rates Westpac Banking notes Aaa

Moody's Investors Service said it assigned a backed Aaa rating to Westpac Banking Corp.'s issuance of guaranteed senior medium-term notes. The issue comprised of $1.5billion of three-year fixed-rate notes, issued under its $15billion medium-term notes program.

The outlook is stable, in line with the Australian government.

The ratings reflect the fact that these obligations are backed by the Aaa-rated Australian government, Moody's said.

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