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BULLETIN: Ratings on Securitization Transactions Unaffected by NAB Downgrade Mar 04
Standard & Poors, March 2004
Abstract
MELBOURNE (Standard & Poor's) March 18, 2004--Standard & Poor's Ratings Services said today that the ratings assigned to the securitization transactions in which National Australia Bank Ltd. (NAB) provide financial and/or operational support are unaffected by the lowering of the rating on NAB to 'AA-' from 'AA' on March 12, 2004. This primarily reflects the fact that the 'A-1+' short-term rating on NAB remains unchanged....
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.
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