Aussie downgraded by one notch

Wednesday, 18 May 2011 11:55

Moody’s downgrades Australia. Four major banks of Australia were downgraded from Aa1 to Aa2, with the agency also cutting its view on the bank’s subordinated debt to Aa3 from Aa2, as well as the financial strength rating from B to B-. As Moody’s stated the cut downs reflect their view of Australian Banking.

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Australian markets off

Tuesday, 19 April 2011 10:33

All Ord’s and ASX 200 both fell around 1.5 % to close at 4,874 and 4,793 with the mining and energy sectors hit the most

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