Article: HomeSide Inc. & HomeSide Lending Inc. on S&P Watch

NEW YORK, Oct. 28 /PRNewswire/ -- Standard & Poor's today placed its ratings of HomeSide Inc. and its subsidiary HomeSide Lending, Inc. on CreditWatch with positive implications (See list) following the announcement that HomeSide has agreed to be acquired by higher rated National Australia Bank Ltd. (NAB). NAB has agreed to pay US$1,231 million (A$1,734 million) in cash for HomeSide's common shares. National Australia Bank's and its affiliates' ratings and stable outlooks are affirmed (see list). Also, Standard & Poor's affirmed its ratings on NAB's other U.S. based subsidiary Michigan National Corp. and affiliate (see list).

HomeSide originates residential ...






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