the banks are their own executioners, page-13

Their may be more but I think there are 8 banks in the local lending syndicate and of those only 2 have a S&Poors rating of less than AA.One is St George A+ and WestLb A-.It was reported that WestLb was a straggler to the last extention but times seem to have changed for them since May

http://www.westlb.de/cms/sitecontent/westlb/ui/en/news/newscontainer/news_2008/PR_20080828.standard.gid-N2FkNDZmMzU4OWFmYTIyMWM3N2Q2N2Q0YmU1NmI0OGU_.html

There are 5 US lenders and all have S&P ratings of AA except Sumitomo Mitsui A+.It also seems to be travelling better than a few months ago.

http://www.reuters.com/finance/stocks/keyDevelopments?symbol=8316.T

There is a good podcast on the S&P website regarding Australian banks.

http://www2.standardandpoors.com/portal/site/sp/en/au/page.category/ratings/2,1,1,0,0,0,0,0,0,0,0,0,0,0,0,0.html