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19

Moody’s Downgrade Brings Australia’s Home Loan Risks Into Focus

By Tony Seruga

Six charts that illustrate changing risk from home loans
Australian regulator due to announce new capital measures

The decision by Moody’s Investors Service to downgrade the ratings of Australia’s largest banks has focused attention on the risks lurking in the country’s A$1.51 trillion ($1.15 trillion) of mortgage loans.

“The resilience of household balance sheets and, consequently, bank portfolios to a serious economic downturn has not been tested at these levels of private sector indebtedness,” Moody’s said in the statement accompanying the downgrade of Australia & New Zealand Banking Group Ltd., Commonwealth Bank of Australia, National Australia Bank Ltd. and Westpac Banking Corp…

Moody’s Downgrade Brings Australia’s Home Loan Risks Into Focus

Categories : Finance, Real Estate

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