MELBOURNE (Standard&Poor's) Oct. 31, 2013--Standard&Poor's Ratings Services said today that the announcement by National Australia Bank Ltd. (NAB; AA-/Stable/A-1+) of its results for its full year ended Sept. 30, 2013, has no immediate impact on the bank's ratings. Key aspects of NAB's fiscal 2013 results, as well as its likely short-to-medium term prospects, remain broadly in line with our expectations at the current rating level. NAB's 2013 cash earnings of A$5.94 billion were 9.3% higher than fiscal 2012, mainly because of a 2% increase in revenues and a materially lower provisioning charge for bad and doubtful debts. While all banking divisions experienced higher earnings in fiscal 2013, NAB Wealth's cash earnings decreased by 5%, to A$493
