NEW AND EXISTING AUSTRALIAN UNITY BONDS RATED ‘BBB+’
Australia Ratings has assigned its credit rating of ‘BBB+’ on the forthcoming Australian Unity Bonds (Bonds; ASX code:
AYUHE), issued by Australian Unity Limited (AUL). This rating is the highest long-term rating in the intermediate category of
creditworthiness on the rating scale of Australia Ratings (see the rating scale below). The Bonds will be unsecured debt obligations of the
issuer, AUL. At the same time, Australia Ratings reviewed and affirmed its credit rating of ‘BBB+’ on the existing series
of Australian Unity Bonds (ASX codes: AYUHC and AYUHD)
Australia Ratings also assigned and confirmed its product complexity indicator of ‘GREEN’ on the new and existing Bonds respectively, indicating that Australia Ratings considers the Bonds to be a debt investment with simple and straightforward terms and conditions.