Fitch Upgrades Commonwealth Bank of Australia’s Long-Term Credit Ratings to AA

Commonwealth Bank of Australia ( (AU:CBA) ) has provided an announcement.

Commonwealth Bank of Australia has had its Long-Term Issuer Default Rating upgraded by Fitch Ratings to AA from AA-, with its Viability Rating lifted to aa- from a+, reflecting what Fitch describes as the strength of the bank’s earnings profile. The agency also raised CBA’s long-term senior unsecured and subordinated debt ratings, while setting the overall rating outlook to Stable, a move that reinforces the bank’s credit standing and may support funding flexibility and investor confidence.

CBA’s Short-Term Issuer Default Rating remains unchanged at F1+, indicating continued confidence in its near-term liquidity and obligations. The suite of upgrades positions CBA more strongly among global peers in terms of credit quality, which could have positive implications for its cost of capital and perception in wholesale funding markets.

The most recent analyst rating on (AU:CBA) stock is a Sell with a A$90.00 price target. To see the full list of analyst forecasts on Commonwealth Bank of Australia stock, see the AU:CBA Stock Forecast page.

More about Commonwealth Bank of Australia

Commonwealth Bank of Australia is a major Australian financial services provider offering retail, business and institutional banking, as well as wealth management products. Headquartered in Sydney, it operates as one of the country’s largest banks, serving a broad customer base across domestic and international markets.

Average Trading Volume: 1,945,045

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$290.9B

For detailed information about CBA stock, go to TipRanks’ Stock Analysis page.