Fitch: Housing market downturn to weigh down on Australian banks' ratings

Dhwani Mehta FXStreet

Fitch Ratings is out with its latest review report on the Australian banking sector, underscoring key risks that could pressure the Australian banks’ ratings.

Key Points:

Mortgage portfolios of Australia's 4 major banks could withstand housing market downturn without experiencing losses that threaten viability.

Australian banks' ratings would be likely to come under pressure in severe scenarios where banks suffer from large second-order economic effects.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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