Concerned about competitive threats in the mortgage insurance sector and a weak housing market, Fitch Ratings has downgraded QBE Lenders Mortgage Insurance Ltd and revised the outlook for Genworth Financial Mortgage Insurance to negative. read more
Ratings agencies (214 items)
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Moody’s and S&P are forecasting further declines in credit quality this year as the effects of the property correction wash through the mortgage market. read more
There is still "no clear framework for loss absorption" during a wind-up or resolution of a failing bank, S&P says. Though APRA have said there will be no statutory bail-in power at all, this is a message lost on one fragment of the banking news media and far-right CEC activists.The actual risk for depositors is the credit ratings of the four major banks are soon downgraded to A-, down from AA- now, a risk averted only if ‘too big to fail’ is still a thing. read more
AMP Bank’s ability to maintain competitive pricing in the domestic mortgage market is set to come under renewed pressure after Standard & Poor’s lowered its credit ratings. read more