Headlines from earlier on Moody's taking the knife to Canadian bank ratings:

  • More on Moody's CAD banks' downgrades ... wide cut!
  • Moody's cuts RBC to A1, outlook negative

Bloomberg have a recap up if you're like more: Six Canadian Banks Cut by Moody's on Consumers' Debt Burden

  • Six of Canada's largest banks had credit ratings downgraded by Moody's Investors Service on concern that over-indebted consumers and high housing prices have left lenders vulnerable to potential losses on assets.

How long until ratings agencies do the same for Aussie banks? Yes, No, m'eh?