The international credit rating agency Moody’s Investors Service considers the possibility of downgrading the ratings of four major banks in Australia amid concerns that wholesale funding will be reduced. As transmitted by Bloomberg – which is citing communication with the credit rating house – Moody ‘s put under review for possible downgrade the subordinated priority bonds of the banks Australia & New Zealand Banking Group Ltd., Commonwealth Bank of Australia, National Australia Bank, and Westpac Banking Corp.
“The review will focus on the awaren
This news post was written by Chris on February 16, 2011