Tag Archives: Hybrids

S&P downgrade 3 Aussie Bank Hybrids – do you understand the risks?

The rating agency S&P downgraded a number of Asian Bank Hybrids. Included within this were three Australian Banks – Macquarie, Westpac and the NAB – http://goo.gl/7ypL7t . The agency reviewed their rating criteria and notched down about 60 Asian Banks of which the three Australian Banks were included. For NAB and Westpac, their Hybrids issued before, January

Continue reading