Heartland long-term rating affirmed, outlook remains stable

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NZX/ASX Release
Heartland long-term rating affirmed,
outlook remains stable
22 October 2020
Fitch Rating (Fitch) has affirmed the Long-Term Issuer Default Ratings (IDR) of Heartland Group
Holdings Limited (NZX/ASX: HGH) (Heartland Group) and Heartland Bank Limited (NZX: HBL)
(Heartland Bank) at 'BBB' and the Long-Term IDR of Heartland Australia Group Pty Ltd (Heartland
Australia) at 'BBB-'. The Outlooks remain Stable.

Heartland Bank remains one of just two Australasian banks to have no reduction or adverse change
to its ratings or outlook despite the economic impacts of COVID-19 since January 2020.

– Ends –


For further information, please contact:
Person who authorised this announcement: Andrew Dixson
Title: Chief Financial Officer,
Heartland Group
Contact phone number: 021 263 2666
Contact email address: andrew.dixson@heartland.co.nz
Address: Level 3, Heartland House
35 Teed Street
Newmarket
Auckland
New Zealand