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Rural Bank Ltd. Dec 11 Product Image

Rural Bank Ltd. Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
Very strong capital and earnings position     Good loss experience, which highlights its sound underwriting practices despite its focus on the inherently higher-risk agricultural sector Reasonable geographic diversification Concentrated business profile, focused on the highly specialized and higher-risk agricultural sector Narrow funding profile that is susceptible to competitive funding pressure, and its weaker capacity to source funding in a stressed operating environment Our ratings on Rural Bank reflect the stand-alone credit profile (SACP) for a bank operating only in Australia; plus Rural Bank's "moderate" business position, its "very strong" capital and earnings, "moderate" risk position, "below-average" funding, "adequate" liquidity position, and status as a "core" subsidiary of Bendigo and Adelaide Bank Ltd. (BEN). Our bank criteria use the bank industry credit...

Companies mentioned in this report are:
- Rural Bank Ltd.
- Bendigo and Adelaide Bank Ltd.

Action: Affirmed

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- Rural Bank Ltd.
- Bendigo and Adelaide Bank Ltd.

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