Outlooks On Two Australian Regional Banks Revised To Positive On Easing Systemwide Risks - S&P Global Ratings’ Credit Research

Outlooks On Two Australian Regional Banks Revised To Positive On Easing Systemwide Risks

Outlooks On Two Australian Regional Banks Revised To Positive On Easing Systemwide Risks - S&P Global Ratings’ Credit Research
Outlooks On Two Australian Regional Banks Revised To Positive On Easing Systemwide Risks
Published Apr 27, 2021
8 pages (3661 words) — Published Apr 27, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We see a positive trend in industry risk reflecting the Australian banking system's improving funding profile in the past 10 years. In our opinion, the downside to economic risks facing Australian financial institutions due to the COVID-19 outbreak and containment measures is also receding. We now view the economic risk trend as stable. We are revising our outlooks to positive on two Australian regional banks to reflect the easing systemwide risks. At the same time, we are affirming our ratings on two foreign-owned regional banks with stable outlooks after factoring in parent group related factors. We are also affirming our ratings and positive outlook on Suncorp-Metway Ltd., reflecting group support factors. Finally, our ratings on Members Equity Bank Ltd. remain

  
Brief Excerpt:

...April 27, 2021 - We see a positive trend in industry risk reflecting the Australian banking system's improving funding profile in the past 10 years. - In our opinion, the downside to economic risks facing Australian financial institutions due to the COVID-19 outbreak and containment measures is also receding. We now view the economic risk trend as stable. - We are revising our outlooks to positive on two Australian regional banks to reflect the easing systemwide risks. At the same time, we are affirming our ratings on two foreign-owned regional banks with stable outlooks after factoring in parent group related factors. We are also affirming our ratings and positive outlook on Suncorp-Metway Ltd., reflecting group support factors. Finally, our ratings on Members Equity Bank Ltd. remain on CreditWatch with positive implications, reflecting its pending acquisition by Bank of Queensland Ltd. MELBOURNE (S&P Global Ratings) April 27, 2021--S&P Global Ratings today said it has revised its outlooks...

  
Report Type:

Ratings Action

Ticker
BQD@AU
Issuer
Bank of Queensland Ltd.
GICS
Regional Banks (40101015)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Australia
Region
Pacific
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Outlooks On Two Australian Regional Banks Revised To Positive On Easing Systemwide Risks" Apr 27, 2021. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Outlooks-On-Two-Australian-Regional-Banks-Revised-To-Positive-On-Easing-Systemwide-Risks-2635854>
  
APA:
S&P Global Ratings’ Credit Research. (). Outlooks On Two Australian Regional Banks Revised To Positive On Easing Systemwide Risks Apr 27, 2021. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Outlooks-On-Two-Australian-Regional-Banks-Revised-To-Positive-On-Easing-Systemwide-Risks-2635854>
  
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