Moody’s:
- Australian banking system outlook remains stable on continued economic growth
Headline via Reuters
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More added:
- Outlook for Australian banking system remains stable
- Reflects expectation of sustained economic growth and stable asset quality over the next 12-18 months
- Banks have made significant improvements in their funding and liquidity profiles
- “Headline economic growth should remain sound, at around 3% for 2014, and again in 2015, underpinned by growth in resource related exports. Whilst rising house prices continue to be an area of focus, current housing market developments are not yet a threat to Australian banks’ credit profiles, as the rise has not been fuelled by excessive credit growth or loosening of lending standards” Moody’s says.
