Fitch Ratings Affirms MyState Limited’s Credit Rating Post-Merger

Mystate Limited ( (AU:MYS) ) has provided an update.

MyState Limited announced that Fitch Ratings has affirmed the issuer credit rating of ‘BBB+/F2’ for MyState Limited, MyState Bank Limited, and Auswide Bank Limited, with a stable outlook. This affirmation, following the merger completed on February 19, 2025, indicates that the group’s business model focusing on low-risk residential mortgages supports stable asset quality and earnings, positioning it well for executing its growth strategy and supporting its wholesale funding programs.

The most recent analyst rating on (AU:MYS) stock is a Buy with a A$3.98 price target. To see the full list of analyst forecasts on Mystate Limited stock, see the AU:MYS Stock Forecast page.

More about Mystate Limited

MyState Limited is an ASX-listed non-operating holding company of a diversified financial services group, which includes MyState Bank, Auswide Bank, and TPT Wealth. These entities are involved in banking and wealth management services, regulated by the Australian Prudential Regulatory Authority and holding Australian Financial Services Licences.

Average Trading Volume: 208,262

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$706.8M

For a thorough assessment of MYS stock, go to TipRanks’ Stock Analysis page.