Research And Markets Research And Markets
0 CHECKOUT

Summary: National Australia Bank Ltd. Dec 07

  • ID: 2045604
  • December 2007
  • Region: Australia
  • Standard & Poors
1 of 3

FEATURED COMPANIES

  • Bank of New Zealand
  • Clydesdale Bank PLC
  • MLC Ltd.
  • MORE

Abstract
The 'AA/Stable/A-1+' issuer credit ratings on Australia-based major bank National Australia Bank Ltd. (NAB), reflect Standard & Poor's Ratings Services' expectations of NAB's continued strong financial performance despite the current market volatility. The ratings are also supported by the bank's diversified earnings base, strong market position, expectation of continued very strong asset quality, and sound capitalization. These strengths are moderated by the bank's exposure to very competitive market segments and volatility in global financial markets, which could affect future earnings and liquidity. With total on-balance-sheet assets of A$565 billion at fiscal-year ended Sept. 30, 2007, NAB is the largest domestic bank in Australia, with most of its banking, life insurance, and wealth management operations located in Australia, the U.K., and...

Companies mentioned in this report are:
- National Australia Bank Ltd.
- Bank of New Zealand
- MLC Ltd.
- Clydesdale Bank PLC

Action: Review

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, READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- National Australia Bank Ltd.
- Bank of New Zealand
- MLC Ltd.
- Clydesdale Bank PLC

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

RELATED PRODUCTS from Db