NewsBite

S&P downgrades Suncorp’s bank amid ‘strategic review’

Lucas Baird
Lucas BairdReporter
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Rating agency S&P has downgraded its rating and outlook for the Suncorp-Metway bank as support from parent group Suncorp appears to wane amid a strategic review under which it might be sold or spun off.

Suncorp chief executive Steve Johnston did not answer direct questions about the review on Thursday, but said the company could manage insurance and banking services if needed. Paul Harris

Loading...
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Financial services

Fetching latest articles

Most Viewed In Companies

    The Australian Financial Review Magazine

    The 25 new watches you need to know now

    • Luke Benedictus and Bani McSpedden

    BOSS Financial Review

    Toni Meath, principal of Melbourne Girls Grammar, found her Plan B worked out better for her than Plan A.

    Life & Leisure

    Rich List

    Maincode’s co-founder and chief executive Dave Lemphers says he is daunted but not afraid of competing with huge US AI companies.

    Original URL: https://www.afr.com/companies/financial-services/s-and-p-downgrades-suncorp-s-bank-amid-strategic-review-20220630-p5axxq