Revised Standard & Poorâ€™s Credit Rating OutlookSource: RNS
800 Bourke Street
Docklands VIC 3008
Tuesday 8 June 2021
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
M: +61 (0) 401 613 136
The release of this announcement is authorised by Gary Lennon, Group Chief Financial Officer.