S&P Ratings released their SPIN to December 2018, an assessment of the risks in Australian Residential Backed Mortgage Securitisation Pools.
Overall we see a further rise in delinquencies, other than in Tasmania.
Significantly the 90 day plus arrears are rising, as predicted by our mortgage stress analysis as the slow roasting of mortgage borrowers continues.
Regional banks are also impacted.
Expect more ahead as the pressure continues.
