S&P drinks Kool Aid on Aussie mortgage risks
Ratings agency, S&P, has released Panglossian analysis of Australia’s mortgage insurance industry, which it claims is facing low risks: SYDNEY (S&P Global Ratings) Aug. 9, 2018–S&P Global Ratings today said it has maintained its low risk insurance industry and country risk assessment (IICRA) for the mortgage insurance sector in Australia (AAA/Negative/A-1+, unsolicited ratings).