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Fitch: No change to National Australia Bank
Fitch Ratings said National Australia Bank Ltd's planned restructuring of its U.K. subsidiary, Clydesdale Bank plc, will not have any impact on the group's ratings.
The agency said this view reflects the modest impact the restructuring is expected to have on the bank's group capital ratios.
Over the long-term, the agency said the revised strategy in the U.K. is likely to improve Clydesdale Bank's, and by extension NAB's, risk profile.
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