Moody’s downgrades Aussie banks

19 June 2017

 

Moody’s has announced it has cut the credit ratings of Australia’s four major banks as well as several regionals and former credit unions and building societies. The rationale behind the downgrades is macro-economic in nature and not particular to any one bank. That is, the downgrades are a function of Moody’s view of the Australian economy and what this may mean in future for banks operating within Australia. It was...

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