Australian majors quietly benefit from CP flight to quality
- Monday, 28 November 2011
Concerns about a renewed funding squeeze in global commercial paper (CP) markets do not appear to be hurting the Australian majors at this stage. While funding sources emphasise the volatility of the international environment they also say that, so far, short-term pricing and capacity has held up as the Australian banking sector has been a beneficiary of investors' reallocation away from European names.
