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Bank Industry Risk Analysis: Australia (Commonwealth of) Jan 02
Standard & Poors, Jan 2002
Abstract
The Australian banking sector is among the least risky of the 70 banking systems assessed by Standard & Poor's. The sector is underpinned by a relatively small but robust economy, which has been significantly reformed and restructured over the past decade, and industry risk is mitigated by prudent banking regulation and transparent and well-developed accounting standards and reporting practices. Dominated by four private-sector banking groups that control approximately 70% of banking assets, the Australia banking industry is stable from a structural standpoint. Credit quality is sound by international standards, with all four major banks rated in the 'AA' category. A further six regional banks are of investment grade credit quality. Australia's banking industry has been moulded largely out of concerns...
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.,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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