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Banksia's 'ABOVE AVERAGE' Commerical Loan Servicer Ranking Affirmed

4/4/2006

Banksia had its commercial loan servicer ranking raised to ‘ABOVE AVERAGE’ in November 2004. The affirmation of Banksia’s ranking reflects its dedication to process improvements and use of technology to make the loan servicing process more efficient. The ongoing implementation of sophisticated loan servicing systems is supported by an experienced management team and clearly defined management responsibilities.

A copy of Standard & Poor’s servicer evaluation report for Banksia Mortgages Ltd. is available on RatingsDirect, Standard & Poor’s Web-based credit analysis system, at www.ratingsdirect.com. It is also available on Standard & Poor’s Web site at www.standardandpoors.com. Click Credit Ratings and find the article under “Servicer Evaluations”.

Download/View the full evaluation.

Download/View the full media release.

About Standard & Poor’s

Standard & Poor’s is the world’s foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 6,300 employees located in 20 countries, Standard & Poor’s is an essential part of the world’s financial infrastructure and provides investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. In Australia, we have been voted INSTO “Rating Agency of the Year” for the sixth year running. For more information, visit www.standardandpoors.com.au.


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