Strong market positions in key market segments Diverse and strong earnings profile Robust asset quality Sound capitalization Operating in very competitive market segments Exposure to market volatility The 'AA/Stable/A-1+' issuer credit ratings on Australia-based major bank National Australia Bank Ltd. (NAB), reflect Standard&Poor's Ratings Services' expectations of NAB's continued strong financial performance despite the current market volatility. The ratings are also supported by the bank's diversified earnings base, strong market position, expectation of continued very strong asset quality, and sound capitalization. These strengths are moderated by the bank's exposure to very competitive market segments and volatility in global financial markets, which could affect future earnings and liquidity. With total on-balance-sheet assets of A$565 billion at fiscal-year ended Sept.
