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Bank Industry Risk Analysis: Australia (Commonwealth of ) May 00
Standard & Poors, May 2000
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 credit profile of Australian banks has remained largely stable, with sound profitability and capitalization. Asset quality within the sector is very sound and is supported by a robust domestic economy. Australia is considered to posses one of the lowest levels of banking industry risk. In the worst case scenario, Standard & Poor's estimates that the potential level of gross problematic assets in the financial system, expressed as a percentage of domestic credit to the private sector and nonfinancial public enterprises, would be in the range of 5%-15%. The industry is following global banking trends of financial...
Companies mentioned in this report are: National Australia Bank Ltd.,Australia and New Zealand Banking Group Ltd.,Westpac Banking Corp.,Macquarie Bank 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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