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Article: MOODY'S AFFIRMS MACQUARIE GROUP'S RATINGS WITH STABLE OUTLOOK, CONTINUES TO MONITOR
- Article from:
- Info-Prod Research (Middle East)
- Article date:
- September 18, 2008
CopyrightCopyright 2008 Info-Prod Research (Middle East). Provided by ProQuest LLC. (Hide copyright information)
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Moody's Investors Service has affirmed, witha stable outlook, the
A2 / Prime-1 issuer and debt ratings of MacquarieGroup Limited and
Macquarie International Finance. Macquarie BankLimited's deposit and
debt ratings were affirmed at A1 / Prime-1, whileits outlook was
revised to stable from positive. "Macquarie Group's stable rating
outlook reflects its very strongliquidity and capital positions, and
its minimal exposure to troubledasset classes and counterparties.
The Group's earnings could also declinesignificantly and remain
within the expected range for its rating", saidPatrick Winsbury, an
analyst with Moody's in Sydney. "However, Moody's continues to
monitor market developments closely, ...