
Mortgage News
S&P downgrades big four Aussie banks
Friday 2nd of December 2011
Following a change to its ratings methodology, S&P has lowered the long-term ratings of Westpac, National Australia Bank, ANZ and the Commonwealth Bank of Australia by one notch from AA to AA- with stable outlooks.
Their New Zealand arms Westpac New Zealand, BNZ (NAB), ASB (CBA) and ANZ National and UDC Finance (ANZ) were also cut from AA to AA-.
In its reports on the four "pi...
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