Fitch Downgrades Big Three Aussie Banks – ValueWalk Premium

Fitch Downgrades Big Three Aussie Banks

The ratings agency Fitch has cut the credit rating of three of the big four Australian banks by a notch to AA-minus largely as a result of their heavy reliance on offshore borrowing to fund their lending book.

Fitch cut the ratings of Commonwealth Bank of Australia (CBA.AX), National Australia Bank (NAB.AX) and Westpac . . .

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