Sydney, August 04, 2014 -- Moody's Investors Service has today upgraded the long-term unsecured issuer ratings of BOQ Specialist Bank Limited (BOQ Specialist) to A3 from Ba1 and short-term ratings to P-2 from Not Prime. BOQ Specialist was formerly known as Investec Bank (Australia) Limited (IBAL). The rating action follows its acquisition by Bank of Queensland (BOQ, A3 stable, C-/baa1 stable) on 31 July 2014.

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