Ratings On Australia's Four Major Banks And Their Core Subsidiaries Affirmed Despite NZ Tax Liabilities; Outlooks Stable - S&P Global Ratings’ Credit Research

Ratings On Australia's Four Major Banks And Their Core Subsidiaries Affirmed Despite NZ Tax Liabilities; Outlooks Stable

Ratings On Australia's Four Major Banks And Their Core Subsidiaries Affirmed Despite NZ Tax Liabilities; Outlooks Stable - S&P Global Ratings’ Credit Research
Ratings On Australia's Four Major Banks And Their Core Subsidiaries Affirmed Despite NZ Tax Liabilities; Outlooks Stable
Published Jul 17, 2009
Published Jul 17, 2009
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Abstract:

MELBOURNE (Standard&Poor's) July 17, 2009--Standard&Poor's Ratings Services today said that it affirmed the 'AA/Stable/A-1+' ratings on the four major Australian banks— Australia and New Zealand Banking Group Ltd. (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank Ltd. (NAB), and Westpac Banking Corp. (WBC)—despite the recent New Zealand High Court judgement on tax liabilities in relation to certain transactions of Bank of New Zealand (BNZ, which is a wholly owned subsidiary of NAB). At the same time, Standard&Poor's affirmed the 'AA/Stable/A-1+' ratings on the major Australian banks' core subsidiaries, including the four major New Zealand banks: ANZ National Bank Ltd. (ANZ National), ASB Bank Ltd. (ASB), Bank of New Zealand, and Westpac New Zealand

  
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. "Ratings On Australia's Four Major Banks And Their Core Subsidiaries Affirmed Despite NZ Tax Liabilities; Outlooks Stable" Jul 17, 2009. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Australia-s-Four-Major-Banks-And-Their-Core-Subsidiaries-Affirmed-Despite-NZ-Tax-Liabilities-Outlooks-Stable-734376>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Australia's Four Major Banks And Their Core Subsidiaries Affirmed Despite NZ Tax Liabilities; Outlooks Stable Jul 17, 2009. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Australia-s-Four-Major-Banks-And-Their-Core-Subsidiaries-Affirmed-Despite-NZ-Tax-Liabilities-Outlooks-Stable-734376>
  
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