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AUSTRALIAN BANKS RESILIENT TO MODERATE DOWNTURN: S&P.

AsiaPulse News,  October, 2004  

Tags: S&P

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SYDNEY, Oct 5 Asia Pulse - The Australian banking industry would be resilient to a moderate downturn but might have some trouble if the downturn was more severe, ratings agency Standard & Poor's said today.

S&P analyst Gavin Gunning said the banks have enjoyed 10 years of economic prosperity and have achieved ...