National Australia Bank Ltd. Ratings Affirmed Following Half-Year Results And Plans To Exit U.K. Banking Business - S&P Global Ratings’ Credit Research

National Australia Bank Ltd. Ratings Affirmed Following Half-Year Results And Plans To Exit U.K. Banking Business

National Australia Bank Ltd. Ratings Affirmed Following Half-Year Results And Plans To Exit U.K. Banking Business - S&P Global Ratings’ Credit Research
National Australia Bank Ltd. Ratings Affirmed Following Half-Year Results And Plans To Exit U.K. Banking Business
Published May 07, 2015
Published May 07, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MELBOURNE (Standard&Poor's) May 8, 2015--Standard&Poor's Ratings Services said today that it has affirmed its 'AA-/A-1+' ratings on National Australia Bank Ltd. (NAB). Our ratings on Bank of New Zealand and MLC Ltd. also remain unchanged, and equalized with those on NAB, reflecting our expectation of timely support from the parent, if needed. The outlook on all ratings remains stable. The affirmations followed NAB's announcement on May 7, 2015 of its good operating results from its core banking and wealth management businesses in Australia and New Zealand, with a 5.4% increase in cash profit compared with the previous six-month period. NAB has also announced that it plans to exit its U.K. banking business via a demerger and

  
Report Type:

Ratings Action

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. Ratings Affirmed Following Half-Year Results And Plans To Exit U.K. Banking Business" May 07, 2015. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/National-Australia-Bank-Ltd-Ratings-Affirmed-Following-Half-Year-Results-And-Plans-To-Exit-U-K-Banking-Business-1397729>
  
APA:
S&P Global Ratings’ Credit Research. (). National Australia Bank Ltd. Ratings Affirmed Following Half-Year Results And Plans To Exit U.K. Banking Business May 07, 2015. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/National-Australia-Bank-Ltd-Ratings-Affirmed-Following-Half-Year-Results-And-Plans-To-Exit-U-K-Banking-Business-1397729>
  
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