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Bank Industry Risk Analysis: Australia Mar 03
Standard & Poors, March 2003
Abstract
Underpinned by relatively low economic and industry risk by international standards, the Australian banking system is one of the soundest of the 70 banking systems assessed by Standard & Poor's. The banking industry's operating performance has benefited from a reasonably robust economy, which has been among the best performing of Western developed economies over the past five to eight years. Although the Australian economy lacks depth and diversity compared with the economies of some of its international peers, it has been significantly reformed and restructured over the past 20 years, and has contended satisfactorily with a number of stress tests, including the Asian crisis of 1996-1998 and the spill-over effects of the recent U.S. economic downturn. Australia's relatively low economic...
Companies mentioned in this report are: National Australia Bank Ltd.,Australia and New Zealand Banking Group Ltd.,Westpac Banking Corp.,Commonwealth Bank of Australia,Macquarie Bank Ltd.,Bank of Western Australia Ltd.,Suncorp-Metway Ltd.,Bank of Queensland Ltd.,Adelaide Bank Ltd.,St.George Bank Ltd.,Bendigo and Adelaide Bank Ltd.,Cuscal Ltd.,AMP Bank Ltd.
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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