Credit rating report

Teachers Mutual Bank is rated by Standard & Poor’s:



On 15 July 2011 Standard & Poor’s Ratings Services reaffirmed the above long-term rating for Teachers Mutual Bank.

Standard & Poor's (Australia) Pty. Ltd. holds Australian financial services licence number 337565 under the Corporations Act 2001. Standard & Poor's credit ratings and related research are not intended for and must not be distributed to any person in Australia other than a wholesale client (as defined in Chapter 7 of the Corporations Act).

Credit ratings are statements of opinion and not statements of fact or recommendations to purchase, sell or hold any securities. Credit ratings are subject to change. For the latest credit ratings information please refer to Standard & Poor's website.