Fitch Lowers Ratings On 3 Australia Banks

by Monica Gerson, Benzinga Staff Writer

February 24, 2012 5:32 AM | 15 seconds read | Make a Comment

Fitch Ratings downgraded three Australian banks. Fitch lowered its credit rating on Commonwealth Bank of Australia Ltd

CMWAY

, Westpac Banking Corp

WBK

and National Australia Bank Ltd

NABZY

by one notch from "AA" to "AA-".

Posted In: News Downgrades Fitch Ratings

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