Wholesale funding contributes to Moody's BOQ downgrade review [UPDATED]
- Thursday, 20 October 2011
Moody's Investors Service (Moody's) placed its A2 rating on Bank of Queensland (BOQ) on review for downgrade on October 20, citing the bank's degree of reliance on wholesale funding – especially in short-term markets – as one of two key reasons for the review. BOQ is already rated BBB+ by both the other two main rating agencies.
