Moody's downgrades Bendigo and BOQ, upgrades two banks 07 March 2024 5:54AM Latest news Ian Rogers The application of Moody’s revised Advanced Loss Given Failure analysis to certain Australian banks yesterday has led to a shake-up of credit ratings for four banks, including two downgrades for regio.. read more
Mortgage delinquencies rise 05 October 2023 5:11AM Latest news John Kavanagh Home loans at least 30 days in arrears rose from 1.25 per cent in the March quarter to 1.38 per cent in the June quarter, Moody’s Investors Service reported. read more
Australian corporate credit metrics remain sound 05 September 2023 5:52AM Latest news John Kavanagh Moody’s Investors Service has reviewed the financial reports released by “rated” Australian corporates over the past month and found that their results were “generally supportive” of their credit prof.. read more
Australian corporate credit quality stable 04 August 2023 5:35AM Latest news John Kavanagh Moody’s Investors Service has released its latest credit trends report for Asia Pacific, saying the ratings outlook for non-financial corporates in the region and Australia is stable. read more
Moody's upgrades Macquarie 05 June 2023 5:34AM Latest news Ian Rogers Moody's Investors Service has upgraded Macquarie’s ratings. read more
Corporate credit ratings improve 04 November 2022 5:57AM Latest news John Kavanagh Corporate credit ratings in Australia and New Zealand have improved over the past 12 months and the outlook for the December is stable, Moody’s reported. read more
NZ Govt takes direct ownership of Kiwibank to avoid breaking foreign capital promise 23 August 2022 5:44AM Latest news Ian Rogers Kiwibank will have a more efficient capital structure and, probably, a more supportive – single – shareholder, with the New Zealand government announcing that, subject to regulatory approvals, it has.. read more
RBA review’s likely outcome is more transparency, a more expert board 05 August 2022 5:30AM Latest news John Kavanagh A change to the Reserve’s Bank approach to inflation targeting is an unlikely outcome of the RBA review, despite calls for a change, Moody’s Analytics said in a commentary on the upcoming review. read more
Qudos Bank lifts rating, slashes board 22 July 2022 4:47AM Latest news Ian Rogers Moody's Investors Service yesterday upgraded Qudos Mutual Limited's long-term issuer rating by one notch to Baa1 from Baa2, “based on the bank's strong performance to date and its reduced exposure to.. read more
No housing affordability relief in sight 21 June 2022 5:51AM Latest news John Kavanagh Housing affordability in Australia is likely to worsen as the impact of higher interest rates outweighs the benefit of falling prices, Moody’s says. read more
S&P’s profit margin swells in Australia 17 May 2022 4:34AM Latest news George Lekakis The pricing behaviours of credit ratings agencies could come under intense scrutiny from the Australian competition regulator after S&P Global announced further expansion of its local profit margi.. read more
Moody’s Aussie profit margins turn lucrative 27 April 2022 5:11AM Latest news George Lekakis The Australian operations of global ratings agency, Moody’s Corporation, has emerged as one of the most lucrative profit spinners in the local financial services sector following spectacular bottom li.. read more
Moody’s takes shine to Macquarie’s retail revival 15 February 2022 6:30AM Latest news Ian Rogers Moody’s has raised its outlook on Macquarie’s long-term credit rating to ‘positive’, largely due to the increasing importance and lower risks in the fast-growing retail banking division, especially mo.. read more
Moody’s rate Zip credit advance Aaa 19 July 2021 6:09AM Latest news Ian Rogers The distrust and doubts overlay in the Moody’s Investors Service take on the credit worthiness of Zip Master Trust has been waylaid. read more
Briefs: Afterpay expands in NZ, AMP under review, Wisr results 30 April 2021 6:30AM Latest news Banking Day staff Buy Now Pay Later company Afterpay is expanding into New Zealand via a payment card program. read more
APRA acts on Macquarie’s ‘persistent’ compliance failures 06 April 2021 5:43AM Latest news John Kavanagh Macquarie Bank’s breaches of regulatory reporting requirements highlight the challenges in managing a diversified financial services group, Moody’s Investors Services said in response to APRA’s announ.. read more
Briefs: MyState downgraded, Change Financial completes Wirecard deal, AOFM keeps ABSF on hold 02 October 2020 5:49AM Latest news Banking Day staff Moody’s Investors Service has lowered the long-term issuer rating of MyState Ltd one notch from Baa2 to Baa3 and the short-term issuer rating from P-2 to P-3. read more
Brief: Moderate RMBS defaults in 2020 21 February 2020 5:51PM Briefs Banking Day staff Moody's Investors Service found delinquencies among Australian residential mortgage-backed securities increased in December 2019, and predicts this upward trend is likely to continue "moderately" thro.. read more
Global DCM market ripe for needy banks 02 August 2019 4:43PM Finance regulation Banking Day staff Moody's estimates the aggregate additional capital needed by Australia's four biggest banks will increase in a range from A$75 billion to $93.5 billion, to meet new prudential rules. read more
Mortgage arrears and negative equity forecast to rise 22 May 2019 3:53PM Mortgages George Lekakis Moody's and S&P are forecasting further declines in credit quality this year as the effects of the property correction wash through the mortgage market. read more