AMP Limited notes today’s announcement by Standard & Poor’s (S&P) that it has lowered its ratings on AMP Limited and its subsidiaries by one notch, reflecting the pending divestment of AMP Life.
AMP Limited’s rating has moved from A- to BBB+. S&P has replaced all ratings from CreditWatch with negative implications to Negative Outlook.
The changes are not material to the operations of AMP Limited.
AMP continues to have a strong balance sheet and capital position, with its Level 3 eligible capital above minimum regulatory requirements of A$1.7 billion at 30 June 2019.
| Standard & Poor’s1 | Moody’s |
AMP Limited | BBB+ | - |
AMP Group Holdings Limited/ AMP Group Finance Services Limited | BBB+2 | A23 |
AMP Bank Limited | BBB+2 | A22 |
AMP Life Limited | A- | A21 |
1 Negative Outlook
2 Short-term rating is A-2
3 Review for downgrade
Important information
The information on this page was current on the date the page was published. As a result of changes to the business from time to time, including changes to product, product issuer, services, trust, trustees and other entities, the information may no longer be current. For up to date information, we refer you to the relevant product disclosure statement and product updates.
