Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Australia and New Zealand Banking Group    ANZ   AU000000ANZ3

AUSTRALIA AND NEW ZEALAND BANKING GROUP (ANZ)

End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 06/28
28.35 AUD   +1.14%
06/26 U.S. top court buries CalPERS lawsuit over Lehman collapse
06/26 AUSTRALIA AND N : ANZHA - removal from quotation from close of tradi..
06/24 AUSTRALIA AND N : ANZ Key Dates Second Half Financial Year 2017
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Moody's downgrades Australia's top banks over housing risk

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/19/2017 | 11:29am CEST
A combination of photographs shows people using automated teller machines (ATMs) at Australia's

Moody's Investors Service on Monday downgraded 12 Australian banks, including the four biggest lenders, reflecting what it called elevated risks in the household sector.

Such risk was heightening the sensitivity of the banks' credit profiles to an adverse shock, according to the ratings agency.

"While Moody's does not anticipate a sharp housing downturn as a core scenario, the tail risk represented by increased household sector indebtedness becomes a material consideration in the context of the very high ratings assigned to Australian banks," it said.

Moody's said the long-term credit ratings for Australia and New Zealand Banking Group, Commonwealth Bank of Australia, National Australia Bank an Westpac Banking Corp were downgraded to Aa3 from Aa2.

It reaffirmed their short-term ratings.

The Australian government has taken steps in recent months to cool the red-hot property market amid concerns that speculation in housing could ultimately hurt consumers, banks and the economy.

House prices in Sydney and Melbourne have more than doubled since 2009.

With cash interest rates at a record low and house prices near record highs, the nation's household debt-to-income ratio has climbed to an all-time peak of 189 percent, according to the Reserve Bank of Australia (RBA).

That means there are an increasing number of people who have little cash for discretionary spending – on everything from cars to electrical appliances and new clothes - as their pay packets get consumed by large mortgages and high rental payments.

"The resilience of household balance sheets and consequently bank portfolios to a serious economic downturn has not been tested at these levels of private sector indebtedness," Moody's said.

(Reporting by James Regan; Editing by Jacqueline Wong and Richard Borsuk)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AUSTRALIA AND NEW ZEALAND
06/26 U.S. top court buries CalPERS lawsuit over Lehman collapse
06/26 AUSTRALIA AND NEW ZEALAND BANKING : ANZHA - removal from quotation from close of..
06/24 AUSTRALIA AND NEW ZEALAND BANKING : ANZ Key Dates Second Half Financial Year 201..
06/24 AUSTRALIA AND NEW ZEALAND BANKING : Notice Corporations Act Subsection 259C(2)
06/23 AUSTRALIA AND NEW ZEALAND BANKING : Jennifer Scott appointed GM Digital Transfor..
06/22DJPERMODALAN NASIONAL : It Is Probably the Right Time for Proposed Merger of AMMB ..
06/22 AUSTRALIA AND NEW ZEALAND BANKING : ANZ comments on SA bank tax
06/22 AUSTRALIA AND NEW ZEALAND BANKING : Dividend/Distribution - ANZPG
06/21 AUSTRALIA AND NEW ZEALAND BANKING : Redemption of ANZ Subordinated Notes (ANZHA)
06/19 Liberty House submits revised bid for Australia's Arrium
More news
Sector news : Commercial Banks
04:57p TSX rises with financials, resource stocks weigh
04:54pDJTBC BANK : Societe Generale Sells Entire Stake
01:19p Cyber attack hits property arm of French bank BNP Paribas
12:11p EXCLUSIVE - HALLIBURTON IN TALKS TO : sources
09:56a Toshiba says chip unit pact delayed as talks with preferred bidder ongoing
More sector news : Commercial Banks
News from SeekingAlpha
05/30 AUSTRALIAN BANKS : In A Shadow Slowdown
05/15 ANZ Banking Group's 5.5% Dividend Yield
05/02 Australia & New Zealand Banking Group reports 1H results
02/12 The Big Aussie Short And Why Caution Is A Great Strategy
01/18 The Banks Bull Market Has Created Many Short Opportunities In Asia
Advertisement
Financials ( AUD)
Sales 2017 20 811 M
EBIT 2017 9 920 M
Net income 2017 6 809 M
Debt 2017 -
Yield 2017 5,74%
P/E ratio 2017 12,43
P/E ratio 2018 11,97
Capi. / Sales 2017 3,95x
Capi. / Sales 2018 3,93x
Capitalization 82 297 M
More Financials
Chart AUSTRALIA AND NEW ZEALAND
Duration : Period :
Australia and New Zealand  Technical Analysis Chart | ANZ | AU000000ANZ3 | 4-Traders
Full-screen chart
Technical analysis trends AUSTRALIA AND NEW...
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 31,1  AUD
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Shayne Cary Elliott Chief Executive Officer & Executive Director
David M. Gonski Chairman
Michelle Jablko Chief Financial Officer
Hsien Yang Lee Independent Non-Executive Director
Paula Jane Dwyer Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AUSTRALIA AND NEW ZEAL..-8.74%62 608
HSBC HOLDINGS5.02%175 951
AGRICULTURAL BANK OF C..12.90%165 457
JAPAN POST BANK CO LTD1.28%56 960
SHANGHAI PUDONG DEVELO..1.37%52 485
POSTAL SAVINGS BANK OF..0.00%47 227
More Results