|
|
 |
|
Viewing report
|
|
|
|
Australian Financial Institutions Are Managing Market Volatility But Rating Pressure Remains Mar 08
Standard & Poors, March 2008
Abstract
MELBOURNE (Standard & Poor's) March 19, 2008--The global capital market dislocation is placing funding pressure on Australian financial institutions (FIs) but generally credit profiles have not materially deteriorated to date, according to Standard & Poor's Ratings Services today after a recent review on rated Australian FIs. We believe that the impact will be felt more by FIs rated in the 'BBB' category rather than those in the 'A' and 'AA' categories. Our review resulted in 24 ratings affirmed, two ratings lowered, one rating raised, one rating placed on CreditWatch, and three rating outlooks revised (see list). 'Difficult wholesale funding markets are placing pressure on ratings, but most Australian FIs are proactively managing these challenges,' Standard & Poor's credit analyst Sharad...
Action: Affirmed
Action: Downgraded
Action: Outlook: Negative
Action: Outlook: Stable
Action: On CreditWatch:Negative
Action: Upgraded
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
