John Weavers is IFR’s first Sydney-based senior reporter covering the Australian and New Zealand bond and securitisation markets. John previously worked for six and a half years in IFR’s London office heading the EEMEA region’s emerging market output. He has a 20 year career in financial journalism, including 10 years as senior bond reporter at Informa Global Markets and has been a regular contributor to the Economist Intelligence Unit and Latin American Monitor. John has an Economics degree from Warwick University and an MSc in Economics of Latin America from Queen Mary College, University of London.
Australia has retained its coveted position as one of only 10 countries with Triple A ratings from all three main agencies, after S&P today reaffirmed the sovereign’s AAA status, with a negative outlook.
Australia’s major banks suffered dual blows last week, with an annual budget imposing a 6bp levy on their liabilities coming a day after a new inquiry was announced into banking competitiveness.
Volkswagen Financial Services achieved a very strong outcome from last Thursday’s A$466m (US$343m) issuance of Driver Australia Four Trust Auto asset-backed securities.