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BRIEF-Moody's says Australian covered bond credit quality robust despite housing market risks
August 24, 2017 / 3:28 AM / a month ago

BRIEF-Moody's says Australian covered bond credit quality robust despite housing market risks

Aug 23 (Reuters) - Moody’s -

* AUSTRALIAN COVERED BOND CREDIT QUALITY ROBUST DESPITE HOUSING MARKET RISKS

* CONTINUED ROBUST CREDIT QUALITY OF AUSTRALIA‘S COVERED BOND PROGRAMS REFLECTS THE SOUND CREDIT QUALITY OF MORTGAGES IN COVER POOLS

* SIGNIFICANT PRICE APPRECIATION IN CORE HOUSING MARKETS OF SYDNEY AND MELBOURNE IN AUSTRALIA HAS LED TO VERY HIGH, RISING HOUSEHOLD INDEBTEDNESS

* NEW REGULATORY MEASURES INTRODUCED IN MARCH IN AUSTRALIA TO RESTRICT GROWTH IN RISKIER MORTGAGES Source text : bit.ly/2irfO1j

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