...October 31, 2019 MELBOURNE (S&P Global Ratings) Nov. 1, 2019--Macquarie Group Ltd.'s (MGL) strong operating results for the half year ended Sept. 30, 2019, stand in contrast to our subdued earnings outlook for the mainstream Australian banks, S&P Global Ratings said today. We expect MGL's earnings will continue to benefit from a well-diversified business position across different asset classes and geographies, and a niche market position in specialized commercial banking and investment banking in Australia and global infrastructure asset management. In addition, we expect that Macquarie Bank Ltd. (MBL) will remain strongly capitalized, maintaining a risk-adjusted capital ratio of well above 10% in the next two years. MGL's earnings metrics remain strong in our view, although the net profits and return on equity announced by the group today declined compared with the previous half year, partly reflecting some headwinds faced by the investment banking activities compared with strong performance...
