National Australia Bank Ltd. - S&P Global Ratings’ Credit Research

National Australia Bank Ltd.

National Australia Bank Ltd. - S&P Global Ratings’ Credit Research
National Australia Bank Ltd.
Published Feb 21, 2021
17 pages (6633 words) — Published Feb 21, 2021
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Dominant market position in small and midsize enterprise (SME) lending in Australia and New Zealand. Dominant market position in the Australian and New Zealand commercial banking and retail banking sectors. Highly likely to receive timely financial support from the Australian government. Material dependence on domestic and offshore wholesale borrowings. Risks from elevated house prices and private sector debt. The negative outlook on National Australia Bank (NAB) mirrors that on Australia (AAA/Negative/A-1+) and reflects a one-in-three likelihood that we will lower our long-term rating on the bank in the next two years. We expect that NAB's earnings in the next two years will remain sufficient to absorb the elevated credit losses due to the COVID-19 outbreak and containment measures. We also

  
Brief Excerpt:

...Dominant market position in small and midsize enterprise (SME) lending in Australia and New Zealand....

  
Report Type:

Full Report

Ticker
NAB@AU
Issuer
National Australia Bank Ltd.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Australia
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "National Australia Bank Ltd." Feb 21, 2021. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/National-Australia-Bank-Ltd-2598463>
  
APA:
S&P Global Ratings’ Credit Research. (). National Australia Bank Ltd. Feb 21, 2021. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/National-Australia-Bank-Ltd-2598463>
  
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