Fitch affirms Macquarie rating

Ratings agency praises group's strong balance sheet, geographic diversity.

Macquarie Group (MQG) should be able to weather a "modest deterioration" in Australia's operating environment thanks to its strong balance sheet and geographic diversity, according to Fitch Ratings.

The ratings agency affirmed Macquarie Group’s long-term issuer default rating at A- with a stable outlook, in a note on Monday.

Fitch said the rating reflected Macquarie's conservative approach to liquidity, solid capital buffers, robust risk management and a diverse business mix.

Those factors were partly offset by the investment bank's earnings volatility and reliance on wholesale funding.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles