Fitch revises outlook on Westpac to stable

ASX
Release


13 APRIL 2021

Fitch revises outlook on Westpac Banking Corporation to stable

Westpac notes that Fitch Ratings (Fitch) has today revised the Outlook for Westpac
Banking Corporation’s Long Term Issuer Default Rating (IDR) to ‘Stable’, from
‘Negative’.

The change in ratings outlook reflects Fitch’s view of the improved economic prospects
in Australia. Fitch has affirmed Westpac Banking Corporation’s long-term issuer credit
ratings at ‘A+’, and ‘F1’ for short term. Ratings on senior debt, subordinated debt and
hybrid Tier 1 capital instruments issued by Westpac Banking Corporation also remain
unchanged.


ENDS


For further information:

David Lording Andrew Bowden
Group Head of Media Relations Head of Investor Relations
0419 683 411 0438 284 863


This document has been authorised for release by Tim Hartin, General Manager & Company
Secretary.



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Sydney, NSW, 2000