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1.Market Observations, 8.Was Sticky

1 Nov 2016 (TheAge) – S&P cuts outlook for Macquarie, BoQ, AMP Bank on risk of ‘sharp correction’ in housing

(1 November 2016, The Age, BusinessDay, p21, Clancy Yeates)

‘Standard & Poor’s has cut its credit rating outlook for second-tier Australian banks, highlighting the growing risks to lenders from rising property prices and household debt. The credit rating agency on Monday lowered its credit rating outlook for 25 financial institutions in the country, including Bank of Queensland, Bendigo and Adelaide Bank, Macquarie Bank and AMP Bank.’

Read more at TheAge.com.au

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