Our credit rating

Be confident in Bonus Bonds

Bonus Bonds have stood the test of time. For over 40 years, Bonus Bonds have paid out millions of cash prizes totalling more than
$2 BILLION. The Bonus Bonds investment portfolio is rated AAf by independent credit rating agency Standard & Poor's, which indicates that the "Trust Fund's portfolio holdings provide very strong protection against losses from credit defaults."

Fund credit quality ratings, which range from 'AAAf' (highest level of protection) to 'CCCf' (lowest level of protection), are identified by the subscript 'f' for fund, and represent Standard & Poor's assessment of the overall credit quality of a fund's portfolio holdings. Credit ratings assigned by Standard & Poor's Rating Services are statements of opinion, not statements of fact or recommendations to buy, hold or sell any securities. Credit ratings are subject to change.

(See the Standard & Poor's website for a complete listing of Standard & Poor's credit rating definitions).

Please note that the principal and returns of Bonus Bonds are not guaranteed and are subject to investment risk. Bonus Bonds are units in the Bonus Bonds Trust and are not deposits or other liabilities of any member of ANZ Bank New Zealand Limited ("ANZ").