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As part of a downgrade of 23 Australian financial institutions, IMB Ltd acknowledges Standard & Poor’s (S&P) decision to lower its long term credit rating from ‘BBB+’ to ‘BBB’. The outlook applied by S&P to this rating is ‘Stable’.

In S&P’s view, economic imbalances in Australia have increased due to strong growth in private sector debt and residential housing prices, which has exposed financial institutions in Australia to greater economic risks.  In its announcement of this change, S&P also indicated that notwithstanding its view that the risk of a downside scenario and its impact have increased, it considers the outlook for Australian banks remains relatively stable by global standards.

There was no change to IMB’s short-term rating of ‘A-2’.


22 May 2017

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Established in 1880, IMB Bank is one of the most enduring financial institutions in the country, helping people achieve their financial goals for over 140 years. Our members can access a fully featured range of services: home and personal lending, savings and transaction accounts, term deposits, business banking, and more.

Our renowned personal service is backed by innovation, providing convenient, secure digital banking options where and when you want it. IMB also has a growing retail branch network throughout NSW and Victoria, for when you need to speak to someone in person, and a team of professionals at our locally based contact centre. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you.

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