|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Ratings On National Australia Bank Ltd. Unchanged After Improved Half-Year Results May 11
Standard & Poors, May 2011
Abstract
MELBOURNE (Standard & Poor's) May 5, 2011--Standard & Poor's Ratings Services said today that its ratings on National Australia Bank Ltd. (NAB: AA/Stable/A-1+) are unchanged following NAB's announcement of its results for the first-half ended March 31, 2011. 'NAB reported overall improved results for its 2011 fiscal half year, which were in-line with Standard & Poor's expectations at the current rating level,' said Standard & Poor's credit analyst Gavin Gunning. However, we believe that asset quality is likely to remain challenging for NAB in the short-to-medium term. Further, funding is seen by Standard & Poor's as a relative weakness for NAB and other major Australian banks, by international standards, at their current rating levels. Mr. Gunning added: 'We will also...
Companies mentioned in this report are: National Australia Bank Ltd.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
