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National Australia Bank Ltd (NAB.AX)

NAB.AX on Australia Stock Exchange

29.32AUD
8 Dec 2016
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Thu, Nov 17 2016

Fitch Affirms NAB's Mortgage Covered Bonds at 'AAA'; Outlook Stable

(The following statement was released by the rating agency) SYDNEY, November 17 (Fitch) Fitch Ratings has affirmed National Australia Bank Limited's (NAB, AA-/Stable/F1+) AUD21bn of outstanding mortgage covered bonds at 'AAA'. The Outlook is Stable. KEY RATING DRIVERS The rating is based on NAB's Long-Term Issuer Default Rating (IDR) of 'AA-', an IDR uplift of zero notches, a payment continuity uplift (PCU) of six notches, a recovery uplift of one-notch and the asset percentage (AP) of 91.5%

UPDATE 2-NAB posts small profit climb, says whole business under margin pressure

* Analysts expect dividend cut in current business year (Recasts, adds comments from CEO and analyst)

BRIEF-National Australia Bank updates on outlook for australia

* For Australia amidst a weak outlook for inflation, we expect two further rate cuts from the RBA in mid-2017

BRIEF-National Australia Bank FY net interest income $12.93 bln

* Fy net interest income $12.93 billion versus $12.50 billion Source text for Eikon: Further company coverage:

NAB reports 4 percent profit rise, maintains dividend

SYDNEY, Oct 27 National Australia Bank (NAB) posted a 4 percent annual cash profit and maintained its final dividend after streamlining its portfolio by selling assets in the United Kingdom and United States.

BRIEF-National Australia Bank revises comparative financial information following sale of 80 pct of life insurance business

* NAB revised comparative financial information following sale of 80% of life insurance business

Fitch Affirms NAB's Mortgage Covered Bonds at 'AAA'; Outlook Stable

(The following statement was released by the rating agency) SYDNEY, October 06 (Fitch) Fitch Ratings has affirmed National Australia Bank's (NAB, AA-/Stable/F1+) AUD20.3bn of outstanding mortgage covered bonds at 'AAA'. The Outlook is Stable. The rating action follows the addition of 12-month extendible maturities (soft bullet) to NAB's outstanding benchmark covered bonds after bondholders' consent. The conversion of these bonds, which were originally issued as hard bullet, brings the tota

BRIEF-National Australia Bank completes sale of 80 pct of Life Insurance business

* Announced completion of sale of 80% of its life insurance business to Nippon Life Insurance Company (Nippon Life) for $2.4 billion

Canada's CIBC forms strategic alliance with NAB, Bank Leumi

TORONTO, Sept 21 Canadian Imperial Bank of Commerce, Canada's fifth-biggest lender, has formed a strategic partnership with National Australia Bank (NAB) and Israel's Bank Leumi to work on new innovations.

UPDATE 1-National Australia Bank Q3 cash profit drops 3 pct

* CET-1 ratio at 9.5 pct at June-end (Adds more earnings metric, background)

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