Announcement

CREDIT: BNZ: Fitch credit rating outlook change 11:41am 
BNZ
13/04/2021 11:41
CREDIT
NOT PRICE SENSITIVE
REL: 1141 HRS Bank of New Zealand

CREDIT: BNZ: Fitch credit rating outlook change

Exchange announcement

13 April 2021

Fitch credit rating outlook change
Bank of New Zealand (BNZ) notes that on 12 April 2021 Fitch Ratings (Fitch)
revised the outlook for BNZ's Long-Term Issuer Default Rating to 'Stable'
from 'Negative'. Fitch has also revised the outlook of BNZ's ultimate parent
National Australia Bank Limited to 'Stable'.
Fitch has affirmed BNZ's 'A+' Long-Term and 'F1' Short-Term Issuer Default
Ratings. Ratings on debt issued by BNZ remain unchanged.

Ends
For further information, please contact:
Neil Bradley, Treasurer, BNZ
T. 09 976 5020, M. 021 968 944, E. neil_bradley@bnz.co.nz
End CA:00370574 For:BNZ Type:CREDIT Time:2021-04-13 11:41:08

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