Moody's Downgrades Bendigo and BOQ, Upgrades Two Banks

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Bendigo Bank
Bendigo Bank
Bank of Queensland
Bank of Queensland

Comments

  • +17

    Thank you. I was hoping someone would post this so I didn't have to look it up.

  • debt to Baa2

    Baa Baa?

    • black sheep

  • +4

    With such a negative attitude, no wonder they are named Moody’s

  • +3

    "The downgrade is not related to any change
    in BOQ’s capital and financial resilience which remain strong. "

    The downgrade of one notch was in only one of the 4 categories rated - the other three rating scored an increase.

  • +2

    Any bargains

    • more interest for kids

    • A massive banking collapse is about to happen, buy crypto! /s

      Bendigo bank share price went up, so sadly not one there.

  • +1

    any cash back deals?

  • +1

    Perils of credit card churning.

  • +3

    Thanks, price beat with officeworks.

  • Who here has got their debt / hybrids?

    Cash on deposit long as you stay under the $250k you'll be fine. Unless the government gets a bit shaky then you might not want to put $250k in a single bank. Reference to Cyprus bank bail ins (where they got depositors with high balances to accept a loss on cash deposits)

  • Who has the right of way? No comprehensive insurance

  • Virgin Money just jumped near 35%
    Albo rolls out a mattress…..

  • What's the TLDR?

    • +1

      TLDR is the banks that yolo'd credit for mortgages but don't hold much funds have their risks turned up a notch.

  • that's hwhat you get for dropping interest rate on the future saver.

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