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Research Update: National Bank of Canada 'A/A-1' Issuer Credit Ratings Affirmed; Outlook Is Stable Dec 11 Product Image

Research Update: National Bank of Canada 'A/A-1' Issuer Credit Ratings Affirmed; Outlook Is Stable Dec 11

  • ID: 2031957
  • December 2011
  • Region: Canada
  • Standard & Poors

FEATURED COMPANIES

  • National Bank of Canada
  • NBC Asset Trust
  • MORE

Abstract
Following a review of National Bank of Canada (National Bank) under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed our 'A/A-1' long- and short-term issuer credit ratings on National Bank. The outlook is stable. The anchor for National Bank is 'a'. Our ratings on National Bank reflect its moderate business position, adequate capital and earnings, strong risk position, average funding, and adequate liquidity scores. Standard & Poor's expects National Bank will continue to demonstrate stable operating performance and capital adequacy as measured by Standard & Poor's risk-adjusted capital ratio, supported by strong asset quality. As we previously announced, on Dec. 13, 2011, Standard & Poor's Ratings Services affirmed its 'A/A-1' long- and short-term issuer...

Companies mentioned in this report are:
- National Bank of Canada
- NB Preferred Capital Corp.
- National Bank of Canada Trust Capital Securities
- NBC Asset Trust
- National Bank of Canada (New York)

Action: Affirmed
Action: Outlook: Stable

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Note: Product cover images may vary from those shown

- National Bank of Canada
- NB Preferred Capital Corp.
- National Bank of Canada Trust Capital Securities
- NBC Asset Trust
- National Bank of Canada (New York)

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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