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Moody's downgrade of Australian banks won't raise funding costs: analysts

Wednesday, June 21, 2017 - 05:50

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Moody's on Monday downgraded the four largest Australian banks to a long-term credit rating of Aa3 from Aa2.

Sydney

A CREDIT ratings downgrade of Australia's biggest banks by Moody's Investor Service is not expected to raise their funding costs because the new rating is in line with other ratings agencies, banking analysts said.

Moody's on Monday downgraded the four largest Australian

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