S&P reiterates negative ratings outlook for Aussie banks

Friday, 20 July 2018

Via S&P:

Negative Rating Bias Skewing Toward Stable Despite Downside Risks

The ratings outlook bias for the pool of Asia-Pacific financial institutions that S&P Global Ratings rates has skewed toward stable during the second quarter ended June 30, 2018. However, downside risks remain, particularly regarding the possible emergence of a lower-probability negative scenario with a high impact that is outside our base case. Such a scenario could have negative rating implications for Asia-Pacific financial institutions.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.