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Bulletin: Ratings On National Australia Bank Unchanged After Quarterly Trading Update Flagging Strategic Review Of Clydesdale Bank Feb 12 Product Image

Bulletin: Ratings On National Australia Bank Unchanged After Quarterly Trading Update Flagging Strategic Review Of Clydesdale Bank Feb 12

  • ID: 2054479
  • February 2012
  • Region: Australia
  • Standard & Poors

Abstract
MELBOURNE (Standard & Poor's) Feb. 9, 2012--Standard & Poor's Ratings Services said today that its 'AA-/A-1+' ratings on National Australia Bank Ltd. (NAB) were unchanged following NAB's recent 2012 First Quarter Trading Update. Our outlook for NAB remains stable. NAB's recent performance and future performance prospects remain consistent with our current view of the strong 'AA-' credit standing on the bank. This includes our view of the bank's risk position, capitalization and earnings, funding, and systemic importance in the Australian banking sector. NAB's U.K. banking subsidiary continues to under-perform relative to NAB's other major businesses, however, and is a negative counterpoint of NAB's business position compared with the business positions of its three major Australian-based competitors. We nonetheless continue to...

Companies mentioned in this report are:
- National Australia Bank Ltd.
- Clydesdale Bank PLC

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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- National Australia Bank Ltd.
- Clydesdale Bank PLC

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

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