Fitch affirms issuer credit rating
Released
Released
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ASX ANNOUNCEMENT
Thursday 5 June 2025
ASX: MYS
Fitch Ratings affirms issuer credit rating for
MyState Limited, MyState Bank Limited and Auswide Bank Limited as BBB+
MyState Limited (ASX: MYS) today announced that Fitch Ratings (Fitch) has affirmed the issuer credit
rating of ‘BBB+/F2’ (long-term/short-term) for MyState Limited its wholly owned subsidiary MyState Bank
Limited and ultimate wholly owned subsidiary Auswide Bank Limited. The ratings were affirmed with a
stable outlook.
Fitch had previously advised that the completion of the merger had not affected the ratings assigned to
either bank.
In its rating agency commentary, Fitch noted that the assigned issuer credit ratings reflects a business
model and risk profile that focuses on low-risk residential mortgages, resulting in relatively stable asset
quality and earnings over a sustained period..
MyState Limited’s Managing Director, Brett Morgan, said “This is the first annual review of MyState
Limited, MyState Bank Limited and Auswide Bank Limited by Fitch since the merger was completed on
19 February 2025. Fitch’s confirmation that MyState Limited’s and each of the banks issuer ratings
remained unchanged at BBB+, following their annual review process, confirms that the newly merged
Group remains well positioned to execute on its growth strategy.”
“The Fitch investment grade issuer credit ratings continue to provide support for the Group’s wholesale
funding programs.”
Authorised
Brett Morgan
Managing Director and Chief Executive Officer
About MyState Limited
Registered Office: 137 Harrington Street, Hobart 7000
MyState Limited (ABN 26 133 623 962) is the ASX-listed (MYS) non-operating holding company of the diversified financial services Group
consisting of MyState Bank, Auswide Bank and TPT Wealth, a trustee and wealth management company. MyState Bank and Auswide Bank are
regulated by the Australian Prudential Regulatory Authority. MyState Bank, Auswide Bank and TPT Wealth hold Australian Financial Services
Licences issued by the Australian Securities and Investments Commission.
Investor relations
Adrian Mulcahy
adrian.mulcahy@automicgroup.com.au
+61 438 630 422
Media relations
David Breen
david.breen@mystate.com.au
+61 412 933 060
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