| Details | |||
|---|---|---|---|
| Website | Westpac New Zealand | ||
| Credit Agency Name | Credit Rating | Outlook | |
| Corporate credit rating(s) | Standard & Poors (S&P) | AA- | Stable |
| Moody's Investors Services | Aa3 | Stable | |
|
Description |
The issuer is a registered bank. The Reserve Bank registers and supervises banks in New Zealand for the purposes of promoting the maintenance of a sound and efficient financial system, and avoiding significant damage to the financial system that could result from the failure of a registered bank. While the Reserve Bank monitors registered banks’ compliance with banking supervision policies, neither it nor the Government guarantees that a registered bank will not get into difficulty or fail. Further information on how the Reserve Bank supervises banks can be found here. Registered banks are required to publish quarterly disclosure statements. For further information see here. The most recent quarterly disclosure statement will be found at the website link below. |