Fitch affirms MyState issuer credit rating
Released
Released
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ASX ANNOUNCEMENT
Monday 17 June 2024
ASX: MYS
Fitch Ratings affirms issuer credit rating for
MyState Limited and MyState 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 and its wholly owned subsidiary MyState
Bank Limited. The ratings were affirmed with a stable outlook.
In its rating agency commentary, Fitch noted that the assigned issuer credit ratings reflects strong, stable
asset quality and profitability metrics that are higher than other similar size Australian banks rated by
Fitch.
MyState Limited’s Managing Director, Brett Morgan, said “Fitch’s confirmation that MyState Limited and
MyState Bank Limited’s issuer ratings remained unchanged at BBB+, following their annual review
process, confirms the resilience of our business model in the current environment and that the Group
remains well positioned to continue to execute on our strategy.”
“The Fitch investment grade issuer credit rating continues to provide support for our strategy and
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 and TPT Wealth, a trustee and wealth management company. MyState Bank is regulated by the Australian Prudential
Regulatory Authority. MyState 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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