Westpac Banking Corp 6-K, filed May 28, 2024
Westpac Banking Corp (WEBNF)
About this 6-K
Westpac Banking Corp filed this 6-K on May 28, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
May 28, 2024
Commission File Number 1-10167
WESTPAC BANKING CORPORATION
(Translation of registrant’s name into English)
275 KENT STREET, SYDNEY, NEW SOUTH WALES 2000, AUSTRALIA
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Index to Exhibits
| Exhibit No. |
Description | |
| 1 | ASX Release – Fitch upgrades ratings for Westpac Banking Corporation |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| WESTPAC BANKING CORPORATION | ||
| (Registrant) | ||
| Date: May 28, 2024 | By: | /s/ Esther Choi |
| Esther Choi | ||
| Tier One Attorney | ||
Exhibit 1
 |
Level 18, 275 Kent Street |
Sydney, NSW, 2000
| |
27 May 2024
Fitch Ratings (Fitch) upgrades ratings for Westpac Banking Corporation (Westpac)
Today Fitch upgraded Westpac’s Long-Term Issuer Default Rating (IDR) by one notch to 'AA-'. The outlook is stable. Fitch also upgraded Westpac’s Short-Term IDR by one notch to 'F1+'.
The upgrade to Westpac’s Long-Term IDR reflects the build-up of buffers by the bank through existing capital instruments to meet APRA’s loss-absorbing capacity requirements.
There has been no change to Westpac’s Viability Rating of ‘a+’ or the Government Support Rating of ‘a’. There is also no change to the ratings assigned by Fitch to Westpac’s rated Tier 2 capital instruments.
For further information:
| Hayden Cooper | Jacqueline Boddy |
| Group Head of Media Relations | Head of Debt Investor Relations |
| 0402 393 619 | 0448 064 012 |
This document has been authorised for release by Tim Hartin, Company Secretary.
