All New Zealand ratings have been reported as stable, Fitch Ratings
Low interest rates, alongside steady local economies and unemployment, have continued to support asset performance in New Zealand and Australia, says Fitch Ratings.
Structured finance transactions in New Zealand and Australia remained stable in the fourth quarter of 2017, Fitch Ratings reported.
Employment growth in Australia was around 3% at the end of December, having gained momentum since the beginning of the year.
In Contrast, the Australian housing market has slowed, with Corelogic reporting a national quarter-on-quarter house price drop of 0.3%.
This was in part driven by Sydney property prices, which were 2.1% lower over the December 2017 quarter.
Fitch Ratings added that against this backdrop, the outlooks on all New Zealand and Australia ratings were stable.
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Structured finance transactions in New Zealand and Australia remained stable in the fourth quarter of 2017, Fitch Ratings reported.
Employment growth in Australia was around 3% at the end of December, having gained momentum since the beginning of the year.
In Contrast, the Australian housing market has slowed, with Corelogic reporting a national quarter-on-quarter house price drop of 0.3%.
This was in part driven by Sydney property prices, which were 2.1% lower over the December 2017 quarter.
Fitch Ratings added that against this backdrop, the outlooks on all New Zealand and Australia ratings were stable.
Related stories:
Lender announces senior appointment
Interest rates to lift in late 2018
