Fitch Affirms Australia's Police Bank 'BBB+'/Stable

April 9, 2015 2:43 AM

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(The following statement was released by the rating agency) SYDNEY, April 08 (Fitch) Fitch has affirmed Police Bank Ltd's (Police Bank) Long-Term Issuer Default Rating (IDR) of 'BBB+'.

The Outlook is Stable. A full list of rating actions can be found at the end of this commentary. KEY RATING DRIVERS - IDRs, VIABILITY RATING (VR) AND SENIOR DEBT Police Bank's IDRs, VR and Stable Outlook reflect its solid capitalisation, funding and liquidity and stronger asset quality relative to i...

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