S&P Withdraws ?AA-? And Assigns ?A-1+? Rating To National Australia Bank?s US$250 Million Floating Rate Note Issue - S&P Global Ratings’ Credit Research

S&P Withdraws ?AA-? And Assigns ?A-1+? Rating To National Australia Bank?s US$250 Million Floating Rate Note Issue

S&P Withdraws ?AA-? And Assigns ?A-1+? Rating To National Australia Bank?s US$250 Million Floating Rate Note Issue - S&P Global Ratings’ Credit Research
S&P Withdraws ?AA-? And Assigns ?A-1+? Rating To National Australia Bank?s US$250 Million Floating Rate Note Issue
Published Oct 01, 2013
Published Oct 01, 2013
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MELBOURNE (Standard&Poor's) Oct. 1, 2013--Standard&Poor's Ratings Services today corrected its rating on a US$250 million floating rate note issued by National Australia Bank Ltd. on Sept. 27, 2013. We withdrew our long-term 'AA-' rating on the issue and assigned our 'A-1+' short-term rating to the issue. The administrative error occurred on Sept. 25, 2013, when assigning the rating. RELATED CRITERIA AND RESEARCH Banks: Rating Methodology And Assumptions, Nov. 9, 2011 Banking Industry Country Risk Assessment Methodology And Assumptions, Nov. 9, 2011

  
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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&P Withdraws ?AA-? And Assigns ?A-1+? Rating To National Australia Bank?s US$250 Million Floating Rate Note Issue" Oct 01, 2013. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Withdraws-AA-And-Assigns-A-1-Rating-To-National-Australia-Bank-s-US-250-Million-Floating-Rate-Note-Issue-1198489>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Withdraws ?AA-? And Assigns ?A-1+? Rating To National Australia Bank?s US$250 Million Floating Rate Note Issue Oct 01, 2013. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Withdraws-AA-And-Assigns-A-1-Rating-To-National-Australia-Bank-s-US-250-Million-Floating-Rate-Note-Issue-1198489>
  
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