Moodys revises ratings outlooks of big four banks to negative for first time in six years

The ratings agency has revised the outlooks for more than six large Australian banks to negative for the first time since July 2010, raising its forecast for the next three years of credit growth to 9%.

Fitch said the downgrade was partly due to the impact of an improved economic outlook, lower levels of consumer confidence and concern over the housing market.

It also said the “significant negative impacts” were not expected to have much of an impact on bank capital ratios.

The Fitch said the key reason for its outlooks was the “high levels of uncertainty over Australia’s economic future”. It added the strong growth in the residential and business mortgage market “suggests that these factors will provide further impetus for banks to expand their footprint through house or business lending”
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In addition, Fitch said the recent Australian오바마카지노 manufacturing data and falling unemployment continued to improve the confidence of banks in their ability to conduct the business of lending.

Fitch said the sectoral structure of the banking sector was being tested by rising interest rates.

The bank’s outlooks will be updated on Monday and Friday and will now be revised downward for the full three months from March 2013 onwards.

While some of the banks and their credit ratings are significantly below their 2010 levels, Fitch said “the credit risk environment has improved considerably in recent months, while the economic outlook remains positive”.

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The downgrade, which comes the day after Fitch reduced its outlook for the five big Australian banks to negative from stable, has a strong correlation with the broader economy, given the banking crisis that followed the financial crisis of 2008-2009.

The bank raised its outlook for the big banks’ business and consumer lending to negative by around 6%

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. The other banks, which have their own outlooks, fell by more than 7%
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Fitch said the bank’s outlooks for the three largest Australian banks were significantly higher than its own.

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Its previous outlooks for the four biggest Australian banks were all dSM 카지노owngraded to stable from negative for the first time since 2007.

The Fitch said the bank’s recent credit analysis of a range of Australian banks “further emphasised the importance of further strengthening credit conditions in the sector at present given recent credit growth and low levels of uncertainty about the future of the Australian economy and the impact of the current global financial environment”

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