Mixed bag for Australia's smaller banks in latest S&P revisions release
- Wednesday, 07 December 2011
Standard & Poor's (S&P) released another wave of ratings revisions on December 7 following the publication of its new criteria for banks, with the latest round affecting two Australian institutions. Bank of Queensland has been downgraded by one notch to BBB with a stable outlook while Bendigo and Adelaide Bank was upgraded one notch to A- stable.
