Review by Moody's results in downgrade for big four banks
- Wednesday, 18 May 2011
The ratings review of Australia's big four banks initiated by Moody's Investors Service (Moody's) in February has concluded with the banks being downgraded to Aa2. The lowered rating had been widely expected by market participants as it largely brings the domestic majors into line with their levels assigned by the other mainstream agencies; Moody's has also now given the big four a stable ratings outlook.
