Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Global banks? ratings deteriorate

Staff Reporter 1 minute read

Negative ratings among global banks jumped from 13 to 69 in the last quarter of 2007.

Figures released in the latest Fitch Ratings quarterly Global Bank Rating Trends report have shown that the negative movement intensified in Q407 as the liquidity shock continued to hurt the market.

While 78.3 per cent of bank ratings still have a stable outlook, Fitch expects negative ratings to increase throughout 2008.

“Higher funding costs are likely to exacerbate risk aversion and reduce lending demand, while a slowdown in economic growth would undoubtedly mean higher risk costs for banks,” said managing director of Fitch’s Financial Institutions Group, Alison Le Bras.

Published: 22-01-08

 

Global banks? ratings deteriorate
default
TheAdviser logo
default

 

more from the adviser
handshake Former RAMS CEO to head up BOQ retail bank

Westpac’s current chief digital and marketing officer and forme...

AFG office Aggregator reveals record-breaking lodgements

Australian Finance Group has revealed its brokers lodged more loa...

online education tools ta iSelect launches SME loans in Valiant partnership

Comparison website iSelect launched a new business loan offering ...

FROM THE WEB