Dominant market position in the Australian and New Zealand retail and commercial banking sectors Good-quality core earnings, by international standards Potential recipient of extraordinary government support in the unlikely event it were required Reliant on domestic and offshore wholesale funding to supplement deposit funding sources Additional provisioning and write-downs mainly associated with its U.K. banking business marred 2014 bottom-line profitability Our ratings on National Australia Bank (NAB) reflect the anchor stand-alone credit profile (SACP) for a bank operating mainly in Australia; plus the bank's "strong" business position, and its "adequate" capital and earnings, risk position, and liquidity; "average" funding; and potential government support. Our bank criteria use the BICRA economic risk and industry risk scores to determine a bank's anchor
