Australia

Highlights

• 13 Dec 2011
  • Australian lenders' mortgage insurance (LMI) industry outlook negative
    Concerns regarding the medium-term performance of the housing market and, consequently, future loss development of mortgage insurance portfolios underscore the outlook. The financial metrics of the LMIs are particularly exposed to tail-end outcomes in the Australian housing market. Elevated housing prices and mortgage debt levels are a key vulnerability for the LMI industry...Full Report l Press Release
• 12 Dec 2011
  • Request for Comment on Updates to Australian MILAN Collateral Analysis Methodology
    We are seeking market feedback on proposed changes to the assumptions and methodology underlining our ratings for Australian RMBS. As part of this process, we are looking at changing the approach used by our MILAN model for certain loan characteristics... Full Report l Press Release
• 8 Dec 2011
  • Refinancing for Australian infrastructure issuers manageable
    Australian infrastructure issuers face increased refinancing risk, but should be able to raise the approximately AUD9 billion needed to cover debt maturing in the next two calendar years. In addition, they will need another AUD6-7 billion of incremental debt to finance growth and again they should be able to raise this amount... Full Report l Press Release