Credit ratings lowered a notch on Covid-19 economic impact.
NBR staff Wed, 08 Apr 2020
Ratings agency Fitch has downgraded the credit ratings of the big four Australian banks and their New Zealand subsidiaries, citing the impact of the Covid-19 virus on their businesses.
Westpac, Commonwealth Bank, National Australia Bank and ANZ were all downgraded from AA- to A+ with a negative
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