Fitch raises outlook for NZ banks to stable, still negative on rest of Asia-Pacific

Tue, 04 Dec 2018

By Jenny Ruth Dec. 5 (BusinessDesk) - Global ratings agency Fitch Ratings has raised the outlook for New Zealand banks to stable from negative, citing stabilising household debt and slowing house price growth. That’s at the same time as Fitch downgrades or leaves as negative the outlooks for other countries’ banking sectors in the Asia-Pacific, including Australia, China and Singapore. Fitch said it expects most metrics to trend flat over 2019. “Firm cost control and repricing allowed net interest margins to remain broadly stable in...

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