(The following statement was released by the rating agency)
SYDNEY, May 29 (Fitch) Fitch Ratings has assigned Australia and
New Zealand
Banking Group Limited's (ANZ, AA-/Stable) proposed US-dollar
fixed-rate
resetting perpetual subordinated contingent convertible
securities an expected
rating of 'BBB(exp)'. ANZ expects the notes to qualify as
additional Tier 1
securities for regulatory capital purposes.
ANZ can redeem all the notes on each interest reset date with
the approval of
the Austra
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