National Australia Bank Ltd (NABZY.PK)
2 Dec 2016
(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%
* Analysts expect dividend cut in current business year (Recasts, adds comments from CEO and analyst)
* For Australia amidst a weak outlook for inflation, we expect two further rate cuts from the RBA in mid-2017
* Fy net interest income $12.93 billion versus $12.50 billion Source text for Eikon: Further company coverage:
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
(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
(The following statement was released by the rating agency) LONDON, October 03 (Fitch) Fitch Ratings has affirmed Clydesdale Bank Plc's (CB) and its parent's CYBG PLC's Long-Term Issuer Default Ratings (IDR) at 'BBB+'. The Outlooks are Stable. Fitch has also affirmed the Viability Ratings (VR) at 'bbb+' and Support Ratings (SR) at '5'. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS IDRS and VR CYBG's and CB's IDRs and VR reflect the group'
* Announced completion of sale of 80% of its life insurance business to Nippon Life Insurance Company (Nippon Life) for $2.4 billion
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.
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