Australia’s four major banks have maintained their ‘AA’ ratings, consistent with their strong performance and sound capital position. They are among nine of the world’s 100 top banks with a AA or above rating. The Australian financial system has remained resilient in the face of the global financial crisis that affected many developed economies over recent years: Australia’s uninterrupted economic growth, healthy financial system, and strong regulatory framework have underpinned continued sound performance by the Australian banks which have a largely domestic focus and limited exposure to exotic derivatives.
Download Austrade Data Alert: Australian banks continue to exhibit robust performance (PDF)