Deal and ratings review, week ending 19 May 2017

Australian public domestic and securitisation markets gathered pace during the third week of May, with New Zealand updates confined to the launch of a retail-targeted transaction for Goodman Property Trust. Elsewhere, Australia's big-four banks came out swinging against the recent levy on their liabilities proposed in the recent federal budget while at the same time S&P Global Ratings affirmed its triple-A rating with negative outlook on the Australian sovereign.