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S&P ratings update
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27 August 2019
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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

Contact details
Catherine Woods
+61 (0) 477 320 333
Catherine_Woods@amp.com.au
Contact details
Lachlan Johnston
+61 466 026 702
lachlan_johnston@amp.com.au