It's surprising that the outlook cut did not come earlier because Australian banks have been struggling for a while, says UBS WM's Kelvin Tay.
Moody's has lowered its outlook on Australia's banks to negative from stable, warning of sluggish profit growth and rising household debt.
Moody's affirmed Australia's Aaa credit rating, putting it at odds with Standard & Poor's, which put the country on watch for a downgrade.
Australia Treasurer Scott Morrison says he is "realistically optimistic" that the government will be able to push through fiscal reforms to reduce debt.
Dagong Chairman Guan Jianzhong recommends that Beijing sets up a transparent credit rating system to guide the economy towards sustainable debt.
JPMorgan AM's Kerry Craig says the expectation of central banks stimulus in response to Brexit is driving investors back into the stock market.
Credit default swaps have only moved marginally and global markets show no signs of dramatic stress, says Magellan AM's Hamish Douglass.
NEW YORK, July 7- The top-performing high-yield bond exchange-traded fund is betting big that energy companies will not be deadbeats. The $212 million VanEck Vectors Fallen Angel High Yield Bond Exchange Traded Fund is winning its category this year by focusing almost exclusively on particular low-rated bonds: so-called fallen angels, or downgraded bonds...
S&P carried out a mass-cull of UK bank rating outlooks in the wake of the country's vote to end its membership of the EU.
2016 is set to be a record year for sovereign credit rating cuts, driven largely by the hit from lower commodity prices, Fitch Ratings said on Thursday.
Australia faces the prospect of losing its vaunted AAA rating, after S&P Global Ratings lowered the outlook on the country's debt to negative.
Treasurer Scott Morrison says if the Coalition government is re-elected, there'll be no backpedaling on fiscal commitments.
Key Italian financial services firms are under pressure and face the potential need to raise capital, leaving Italian government officials and its banking system trying to steer clear of a crisis.
The RBA might not necessarily signal an easing bias in its July's statement in order to cut rates in August, says Nomura Australia's Andrew Ticehurst.
The RBA will likely wait until Q2 CPI figures come out before it reassesses interest rates, says Compass Global Markets' Tony Boyadjian.
Konstantinos Venetis, economist at Lombard Street Research, discusses buying U.K. bonds and the importance of a triple-A credit rating.
Australia faces political uncertainties such as a credit rating downgrade and possible policy paralysis, explains TD Securities's Annette Beacher.
Ecognosis Advisory's Andrew Freris says the Aussie dollar has been resilient amid uncertainty and its overnight deposits still offer positive yields.
Fitch Ratings's Andrew Colquhoun says an Australia's credit rating downgrade remains unlikely, but near-term risks include elevated housing prices.
As one of the few central banks with positive rates, the Reserve Bank of Australia still has room to cut by 25 basis points, says Kapstream Capital's Kumar Palghat.