Moody's places Australian big four on review for downgrade
- Wednesday, 16 February 2011
Moody's Investors Service (Moody's) has placed all four of the major Australian banks on review for downgrade, citing "the Australian banking system's structural sensitivity to conditions in the wholesale funding market" as the reason behind the possible loss of Aa1 status. The banks' New Zealand subsidiaries have also been placed under review.
