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Australian Major Bank Ratings Affirmed Jan 01
Standard & Poors, Jan 2001
Abstract
MELBOURNE (Standard & Poor's CreditWire) Jan. 24, 2001--Standard & Poor's today affirmed its double-'A' long-term and 'A-1'-plus short-term counterparty credit ratings on National Australia Bank Ltd. (The National), as well as its double-'A'-minus long-term and 'A-1'-plus short-term counterparty credit ratings on Australia and New Zealand Banking Group Ltd. (ANZ) and Westpac Banking Corp. (Westpac). The rating outlook on all the banks remains stable. The double-'A'-minus long-term and 'A-1'-plus short-term counterparty credit ratings on Commonwealth Bank of Australia (CBA) were affirmed on Dec. 12, 2000, when Standard & Poor's revised the outlook on CBA to positive from stable. 'The financial profiles of Australia's four major banks are strong and remain consistent with their double-'A' category ratings,' said Gavin Gunning, director, Financial...
Companies mentioned in this report are: National Australia Bank Ltd.,Australia and New Zealand Banking Group Ltd.,Westpac Banking Corp.,Commonwealth Bank of Australia
Action: Affirmed
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.
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