Moody’s says outlook for Australian credit unions stable
Moody’s Investors Service says the credit outlook for the Australian credit union sector for the rest of 2007 and into early 2008 is stable, given the improvement so far this year in the industry’s loan growth from 2006 and stabilising risk-adjusted profitability levels.
“Other supporting factors include improving efficiency, especially for the larger institutions, and the maintenance of conservative capital levels, which are commensurate with a relatively low risk profile,” says Marina Ip, a Moody’s Analyst and the author of a new report on the industry’s outlook.
– www.theasianbanker.com (August 30 2007)–