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Bank Industry Risk Analysis: Australia Apr 99
Standard & Poors, April 1999
Abstract
By international standards, Australia's financial system is a well developed, deregulated system, which is highly competitive and contains a broad range of institution types. The Australian economy has remained buoyant in the face of economic adversity in the South Asian region. Leveraging off a lower exchange rate in 1998, Australian exporters were able to successfully switch sales to the U.S. and European markets, offsetting declining demand from several Asian trading partners, including Korea, Indonesia, and Japan. Although forecasts are for continued growth in 1999, Australia's economy remains reliant on continued economic growth and export demand from the U.S. and European economies. Credit quality in Australia is very good, with the majority of Australian banks reporting minimal nonperforming assets in fiscal...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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