Moody's Investors Service said its negative outlook for Australian residential and CMBS and ABS could persist for another 12 to 18 months.

"Although there is no immediate short-term unease with regard to the performance of RMBS collateral, Moody's is nevertheless concerned with the situation over the next 12 to 18 months, as expectations of increased unemployment and an uncertain global economic climate filter through the Australian economy," said Richard Lorenzo, a Moody's vice president and senior analyst.

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