Heartland long-term rating affirmed, outlook remains stable

NZX/ASX Release Heartland long-term rating affirmed, outlook remains stable 22 October 2020 Fitch Rating (Fitch) has affirmed the Long-Term Issuer Default Ratings (IDR) of Heartland Group Holdings Limited (NZX/ASX: HGH) (Heartland Group) and Heartland Bank Limited (NZX: HBL) (Heartland Bank) at 'BBB' and the Long-Term IDR of Heartland Australia Group Pty Ltd (Heartland Australia) at 'BBB-'. The Outlooks remain Stable. Heartland Bank remains one of just two Australasian banks to have no reduction or adverse change to its ratings or outlook despite the economic impacts of COVID-19 since January 2020. - Ends - For further information, please contact: Person who authorised this announcement: Andrew Dixson Title: Chief Financial Officer, Heartland Group Contact phone number: 021 263 2666 Contact email address: andrew.dixson@heartland.co.nz Address:Level 3, Heartland House 35 Teed Street Newmarket Auckland New Zealand End CA:00361862 For:HGH Type:GENERAL Time:2020-10-22 08:44:54