Reuters with the main points from Moody's latest Australian banking sector monitors
- Funding profiles, capitalization of Australian banks improved in six months to March 2017, but that asset quality deteriorated moderately
- Asset quality remains strong, but residential mortgage problem loan ratios deteriorated modestly due to exposures to resources-focused regions
- Australian bank creditworthiness retains heightened sensitivity to economic deterioration, due to banking sector's heavy focus on residential mortgage lending
- Expects the impact of announced regulatory housing market cooling measures in Australia may take some time to be felt fully
- With regards to capital, the major banks' in Australia maintained an improving trend
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Hai Moody's!
FYI China PMI fell today so we don't care about nothin' else.
;-)
