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S&P upgrades Rural Bank credit rating to BBB+

22 December 2010 |Media centre

Rural Bank, a 100 per cent-owned subsidiary of Bendigo and Adelaide Bank (BEN), has received a credit rating upgrade from ratings agency Standard & Poor’s.

The upgrade – from BBB, to BBB+/A2 with a stable outlook – follows last week’s settlement of the sale of the remaining 40pc stake in Rural Bank from Elders Limited.

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