Fitch upgrades major banks to AA- 28 May 2024 6:22AM Latest news Ian Rogers Falling into line with the credit assessments of it rivals, Fitch Ratings yesterday upgraded the long-term credit ratings of Australia’s four major banks to AA- from A+. read more
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
Arrears gear up as refinancing options wane 28 November 2023 5:42AM Latest news Ian Rogers The outer northern suburbs of Melbourne are emerging as arrears hot spots. read more
Bendigo the farmers' favourite 25 October 2023 5:43AM Latest news John Kavanagh Bendigo Bank has been rated the most trusted agribusiness bank, in a Roy Morgan survey of Australian farmers. 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
Time for many more mutual mergers: S&P 22 August 2023 5:43AM Latest news Ian Rogers The banking landscape “will settle with a small number of larger mutual players”, S&P Global said in a forthright assessment of this sector. 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
Mortgage arrears peak will be low 26 July 2023 5:55AM Latest news John Kavanagh The level of banks’ non-performing loans and credit losses will peak in the first half of next year at a relatively modest level, according to S&P Global Ratings. read more
Borrowers are beginning to face stress: Fitch 28 June 2023 1:09AM Latest news John Kavanagh Fitch’s latest Dinkum RMBS Index shows 30-day arrears in Australian prime RMBS portfolios rising by 16 basis points to 98 bps in the March quarter, and 90-day arrears rising 8 bps to 46 bps. read more
Prime value in RMBS arrears 21 June 2023 11:37PM Latest news Ian Rogers Monetary tightening is well and truly being felt in the largely self-employed outer urban fringe of the big cities. read more
S&P sees profit reversal 06 June 2023 5:46AM Latest news Ian Rogers S&P is forecasting that the earnings of Australian banks are likely to peak this year, then trend downwards. 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
RMBS ratings to include household energy efficiency scores 14 March 2023 4:28AM Latest news John Kavanagh Fitch Ratings has started work on incorporating data on the energy efficiency of residential properties in its ratings criteria for mortgage securities and covered bond transactions. read more
Arrears equation 'disconnects' 16 February 2023 6:26AM Latest news Ian Rogers CBA’s arrears data is out of date and misleading – “disconnected” in the words of CEO Matt Comyn. read more
Briefs: new RBA head of domestic markets, BOQ general counsel departs, fixed rate no cause for alarm 01 February 2023 5:59AM Latest news Banking Day staff The Reserve Bank has appointed David Jacobs as head of domestic markets, following the resignation of Jonathan Kearns late last year. 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
Briefs: Macquarie re-rated, SP say major correction 11 October 2022 4:56AM Latest news Banking Day staff Fitch Ratings upgraded the long-term ratings of Macquarie Group to A from A- and also affirmed the long-term ratings of Macquarie Bank at A. 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