Fitch puts Westpac and ANZ on ‘negative’ watchlist
The action sets the Big Four Aussie banks on the same outlook rating.
Ratings agency Fitch has dropped the outlook for both Westpac and ANZ banks from “stable” to “negative.”
The revision applies to both New Zealand and Australian arms of the banks. But, while the outlook has altered, the long-term Issuer Default Rating (IDR) will remain at AA- with all
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Fitch puts Westpac and ANZ on ‘negative’ watchlist
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