Fitch Ratings assigned "AAA" to Bendigo and Adelaide Bank's (ASX:BEN) series 2024-1 and series 2024-2 mortgage-covered bonds, with a stable outlook, according to a Wednesday statement from the ratings agency.
Series 2024-1 is a AU$500 million floating-rate bond, and series 2024-2 is a AU$250 million fixed-rate bond, both due in November 2029.
Fitch said the covered bond rating is based on the company's long-term issuer default rating (IDR) of "A-," as well as the various uplifts above the IDR granted to the program and the over-collateralization protection via asset percentage.
The stable outlook reflects the one-notch buffer against a downgrade of the issuer's IDR, Fitch added.
Bendigo and Adelaide Bank's shares gained over 1% in recent Thursday trade.
Price (AUD): $13.48, Change: $+0.18, Percent Change: +1.32%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。