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Standard and Poor's ratings update
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07 September 2020

AMP Limited notes the 7 September 2020 announcement by Standard & Poor’s that it has lowered its ratings on AMP Limited and AMP Group Holdings Limited from BBB to BBB-.  The rating assigned to AMP Bank by S&P has been lowered from BBB+ to BBB.

The outlook for AMP Group entities has improved to ‘stable’ up from ‘creditwatch with negative implications’.

AMP continues to have a strong balance sheet and capital position, with eligible capital

above minimum regulatory requirements of A$2.2 billion at 30 June 2020.

All credit ratings assigned to AMP by other ratings agencies remain unchanged.

1 Review for downgrade

2 Stable

Contact details
Mark Roberts
+61 (0) 466 328 581
Contact details
Lachlan Johnston
+61 466 026 702