• Contact
  • Feedback
Banking Day
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Briefs: Moody's assigns maiden ratings for MyState Bank, shareholder prunes AFG exposure

18 October 2017 6:15PM
Moody's has assigned investment grade credit ratings for Tasmania's largest financial institution, MyState Bank. The agency has assigned the bank a maiden long-term rating of Baa1 and a short-term rating of P2. Moody's noted that MyState's long term rating was supported by very strong asset quality and conservative underwriting. Janus Henderson Group, one of the largest investors on the share register of Australia's largest mortgage aggregator, AFG, has sliced its exposure to the company. In a disclosure made to the ASX on Tuesday, Janus Henderson said it had offloaded around 2.7 million shares in the Perth-based company. Janus Henderson has been a consistent seller of AFG scrip since the start of July when it held 6.36 per cent of the company. It now holds a five per cent interest.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use