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BRIEF-Moody's downgraded baseline credit assessments, long-term ratings of 12 Australian banks
June 19, 2017 / 8:09 AM / 5 months ago

BRIEF-Moody's downgraded baseline credit assessments, long-term ratings of 12 Australian banks

June 19 (Reuters) - Moody‘s:

* Moody’s takes action on Australian banks

* Moody’s - Downgraded baseline credit assessments, long-term ratings and counterparty risk assessments of 12 Australian banks and affiliates

* Moody’s - Downgrade of Australian banks reflect elevated risks in household sector which heighten sensitivity of banks credit profiles to adverse shock

* Moody's- long-term ratings of Australia's four major banks, ANZ, CBA, NAB and Westpac, downgraded to Aa3 from Aa2, their BCAs downgraded to a2 from a1 Source text : bit.ly/2rM6N23 Further company coverage:

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