Moody's: Australian banks asset quality remains strong, but ...

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.

;-)

Moody"s: Australian banks asset quality remains strong, but ...
Moody"s: Australian banks asset quality remains strong, but ...
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