By Jessica Stanic · 3 March 2009 · News
Moody's Investors Service has issued a stark warning to Australia's big four banks, citing a slowing economy and mounting debts. With a negative outlook on their AA ratings, what does this mean for the country's financial stability?
Moody’s Investors Service has given Australian banks some not so good news, cutting it's ratings outlook to negative as a result of a slowing economy and mounting debts. In the first time since the 1991 recession, Australia’s big four banks have had a negative outlook on their AA ratings. The ANZ, Commonwealth Bank, Westpac and […]