US ratings agency out with a client note on Australian banks 8 June 2016
Say Moody’s:
Moody’s Investors Service says that signs of a re-acceleration in Australian house prices and increasing household leverage are credit negative for Australian banks, because these factors raise the banks’ sensitivity to downside risk in the housing market, and can lead to potential second-order impacts on broader economic activity.
Moody’s say Australian banks face increased risks from rising house prices
