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


Hai Moody's!

FYI China PMI fell today so we don't care about nothin' else.