Powered by MOMENTUM MEDIA
the adviser logo
Lender

Global banks? ratings deteriorate

by Staff Reporter2 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.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

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

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

daniel tuttlebee resimac asset fInance ta l27zun

Resimac takes controlling stake in Sonder

Resimac Asset Finance has expanded its acquisition stake in equipment finance business Sonder Equipment Finance...

READ MORE
asic ta 2

ASIC seeks ‘common-sense solutions’ to breach reporting

The Australian Securities & Investments Commission (ASIC) has committed to “improving” the operation of the...

READ MORE
andrew mills homestart ta htfetw

HomeStart drops graduate loan deposit to 2%

HomeStart Finance, a non-bank lender backed by the South Australian state government, has lowered the deposit hurdle...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more