Company Announcements

Revised Standard & Poor’s Credit Rating Outlook

Source: RNS
RNS Number : 0949B
National Australia Bank Ld
07 June 2021

800 Bourke Street

Docklands VIC 3008


Tuesday 8 June 2021

ASX Announcement

Revised Standard & Poor's Credit Rating Outlook


National Australia Bank Limited (NAB) notes that Standard & Poor Global Ratings (S&P) has revised the outlook for NAB's long-term issuer credit rating to 'Stable', from 'Negative'.


The change reflects S&P's revised outlook on Australia's AAA rating to 'Stable', from 'Negative', in line with the quicker and stronger economic recovery than previously expected.


S&P has also revised the outlook of Bank of New Zealand's (BNZ) long-term issuer credit rating to 'Stable', from 'Negative'.


S&P has affirmed both NAB and BNZ's long-term issuer credit ratings at 'AA-', and 'A-1+' for short-term. Ratings on debt issued by NAB and BNZ also remain unchanged.


For further information:


Jessica Forrest                                                        Daniel Palmer

M: +61 (0) 457 536 958                                          M: +61 (0) 459 854 248

Investor Relations

Hannah Henderson-Smith
M: +61 (0) 401 613 136



The release of this announcement is authorised by Gary Lennon, Group Chief Financial Officer.

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