DBRS confirms Westpac

DBRS said it confirmed the ratings of Westpac Banking Corp., including the AA long-term issuer rating and long-term senior debt rating.

The trend is stable.

The agency said the confirmation reflects the strength of the bank’s franchise in its core markets of Australia and New Zealand, along with the consistent revenue generation, the conservative risk profile, the robust capitalization levels and the adequate funding and liquidity profile.

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