Moody's upgrades Bendigo and Adelaide Bank's long-term credit rating

Bendigo and Adelaide Bank Limited (BEN) announced today, November 21, 2025, that Moody's Ratings has upgraded its long-term issuer credit ratings by one notch. This positive adjustment follows an upgrade in BEN's Baseline Credit Assessment (BCA) and Adjusted BCA, moving from baa1 to a3. Moody's cited BEN's very strong asset quality, robust funding profile, and strong liquidity as key factors contributing to these upgrades.

The rating changes, effective from today, reflect an improvement across several key indicators. The long-term issuer rating has moved from Baa1 to A3, while the subordinated debt rating has improved from Baa2 to Baa1. The short-term rating remains stable at P-2.

Furthermore, the outlook for Bendigo and Adelaide Bank Limited has shifted from Positive to Stable, indicating a strengthened and more secure financial position as assessed by Moody's. Richard Fennell, chief executive officer and managing director, approved the release of this announcement.