Credit Rating

Fitch Ratchings: BBB. Outlook "Stable".

In November 2018 Fitch Ratings affirmed Heartland Bank's Long-Term Foreign-Currency Issuer Default Rating (IDR) at BBB with outlook "Stable".

View the report from Fitch Ratings.


A rating of BBB from Fitch Ratings indicates that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate but adverse business or economic conditions are more likely to impair this capacity. Ratings from AAA to BBB are considered "investment grade".

Download the ratings definitions.

What is a credit rating?

A credit rating is an independent opinion of the capability and willingness of a financial institution's ability to repay its debts - in other words its financial strength or creditworthiness.

Credit ratings are based on research and analysis by a ratings agency. Rating agencies look into a range of financial measures when they assess an organisation's financial strength, as well as external industry-related issues and the quality of management and internal processes.

Where can I find more information?

  • You can find out more information about Heartland Bank in our Disclosure Statement or one of our Product Fact Sheets by clicking here, or by calling 0800 85 20 20 to talk to our Retail Investments team
  • The Reserve Bank has some useful information on credit ratings on its website - www.rbnz.govt.nz
  • Additional information can also be found on the Fitch Ratings website www.fitchratings.com
  • Investors may also wish to engage a financial adviser for independent advice and Heartland Bank encourages you to do so

If you have any questions regarding the above disclosure, call our Retail Investments team on 0800 85 20 20. We are here to help.

Note: Credit ratings are only one tool in assessing risk, and the Reserve Bank advises investors to seek more information on making wise investment decisions. Ratings may be changed, withdrawn or suspended by a ratings agency at any time.

Rates are subject to change. Terms and conditions are available here.