Global ratings agency Moody's has downgraded the big four banks and eight other institutions over fears about the housing market.
Investors of the world, unite and buy Australian bank debt. Why? Moody's Investors Service suggests you shouldn't. Really, in our post-US-crisis world, is there…
Mortgage stress in Australia is felt greatest in the suburbs, with borrowers in suburban Sydney feeling the most pressure, Moody's Investors Services says.