April 30, 2018 / 12:37 AM / a month ago

BRIEF-Fitch says Housing Downturn Could Pressure Australian Bank Ratings

April 29 (Reuters) -

* FITCH: HOUSING DOWNTURN COULD PRESSURE AUSTRALIAN BANK RATINGS

* FITCH- MORTGAGE PORTFOLIOS OF AUSTRALIA’S 4 MAJOR BANKS COULD WITHSTAND HOUSING MARKET DOWNTURN WITHOUT EXPERIENCING LOSSES THAT THREATEN VIABILITY

* FITCH ON AUSTRALIAN BANKS-RATINGS WOULD BE LIKELY TO COME UNDER PRESSURE IN SEVERE SCENARIOS WHERE BANKS SUFFER FROM LARGE SECOND-ORDER ECONOMIC EFFECTS Source text for Eikon: Further company coverage:

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