More than A$70 billion on issue from 37 banks revised by S&P
- Wednesday, 30 November 2011
The 37 international banks which had their Standard & Poor's (S&P) ratings revised on November 29 – predominantly for the worse – in line with the agency's new criteria have more than A$70 billion (US$70.2 billion) on issue in Kangaroo and domestic Australian format according to KangaNews data. They also have more than NZ$2.5 billion (US$1.9 billion) outstanding Kauri and New Zealand domestic bonds.
