Sydney, May 07, 2015 -- Moody's Investors Service says that National Australia Bank Limited's (NAB, Aa2 stable / a1) announced divestment of its share in Clydesdale Bank plc (Baa2 review for upgrade / ba1) and capital raising are credit positive, because they will improve the group's asset quality and profitability, and strengthen the group's capital and balance sheet. The divestment will also place an upper limit on NAB's liability for potential future conduct-related charges in the UK.

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