Moody’s downgrades outlook for Australian banks due to coronavirus
Ratings agency Moody’s downgraded its
outlook for Australia’s banking system to ‘negative’ from
‘stable’ on Thursday, as the coronavirus is expected to hit
profitability via increasing provisions for loan losses and
record low interest rates.
outlook for Australia’s banking system to ‘negative’ from
‘stable’ on Thursday, as the coronavirus is expected to hit
profitability via increasing provisions for loan losses and
record low interest rates.
Posted by Reuters
