Australian credit conditions outlook gloomy – Fitch

By FXStreet Fitch ratings agency notes that Australian credit conditions outlook remains gloomy, Reuters reports, as part of a piece on Fitch Ratings’ Report titled Australian Fixed-Income Investor Survey 2Q16.

Headlines

Australian investors remain downbeat in their outlook for credit, with more than half expecting fundamental credit conditions for financials and corporates to deteriorate over the next 12 months

Investors regard access to funding as the greatest risk to bank credit risk

There has been a shift in sentiment for sovereign credit

China considered the most serious risk posed to Australian credit markets in each of the five surveys undertaken

A more pessimistic outlook prevails for the direction of Australian house prices, compared to the 4Q15 survey

Investors are generally upbeat about the outlook for unemployment
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Source:: FX Street