Investor reaction Add in the headwinds to the sector from the new banking levy and lacklustre overall economic growth, the market is turning more bearish on the banks. The ASX 200 Banks Index is down 10 percent from its May peak. “We continue to find it difficult to be bullish the banks in this environment," UBS Group AG analyst Jon Mott, who has no buy ratings on any Australian banks, wrote in a recent note. Moody's Downgrade Brings Australia's Home Loan Risks Into Focus - Bloomberg #housing #property #propertymanager #ljgrealestate
The ratings agency downgraded Australia’s four largest banks.
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