S&P takes dim view on AMP rating

Mon, 15 Jun 2020

International ratings agency Standard & Poor's said AMP's creditworthiness is likely to fall one or more notches after the AMP Life sale has been completed because of the weaker credit quality of the remaining operations.S&P currently rates AMP and other group businesses, such as AMP Bank and AMP Group Holdings, at "BBB+" with negative implications as the life transaction “nears completion.” AMP Life is rated "A-" with a negative outlook, even though S&P expects the rating will remain the same...

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