SYDNEY (Standard&Poor's) Feb. 24, 2012--Standard&Poor's Ratings Services said today that it has placed its 'BBB' long-term counterparty credit rating on Bank of Queensland Ltd. (BOQ) on CreditWatch with positive implications. At the same time, we have affirmed the 'A-2' short-term rating. "The CreditWatch placement follows an update of our review of BOQ's capital position. Based on the update, we believe there is an increased likelihood that the bank may be able to sustain its projected risk adjusted capital (RAC) ratio at more than 10%," said Standard&Poor's credit analyst Nico de Lange. If our future assessment supports the view that the RAC ratio can be sustained above 10%, we could revise the capital and earnings
