...Macquarie Group Limited's (MGL) A1 senior unsecured and long-term issuer ratings are two- notches above Macquarie Bank Limited's (MBL) a3 Baseline Credit Assessment, reflecting our Advanced Loss Given Failure (LGF) analysis, with the holding company's senior ratings benefitting from loss absorption of more junior securities. MGL's strong overall credit profile is characterised by very strong profitability resulting from its highly diversified business mix, very strong capital adequacy and a conservative liquidity profile. The strength of the group's capital and liquidity provides a counterbalance to the group's trading and investment banking activities which can raise non-lending asset risks. Moody's also maintains ratings for the group's banking subsidiary, Macquarie Bank Limited (MBL, Aa2 stable, a3), and MBL's non-extended licenced entities, Macquarie International Finance Limited (MIFL, A2 stable) and the group's non-banking businesses Macquarie Financial Holdings Pty Limited (A2 stable)....