However, the recent establishment of a regional rating agency has the potential for filling the vacuum in terms of broad-based ratings of banks’ corporate clients. Supervisors will no doubt observe these rating agencies in operation before giving their approval for use of regional ratings as the basis for credit assessment in supervisory reviews. In this regard, international comparability and appropriate mapping will be important.
On a comparison  6  BIS Review 61/2009  of these two countries, the effects of export volume losses in slowing overall demand in the economy have been less important in Australia. As for inflation, it has moderated.