The Traderszone Network

Published in TZ Latest News 21 May, 2017 by The TZ Newswire Staff

S&P has revised ratings, outlooks for many of Australia’s financial institutions

23 have been downgraded today
– No news on the ‘big 4’, but many smaller banks, credit unions, etc. downgraded today.
– This is related to concerns over high levels of private sector debt and high house prices
Likely to be a weight on the AUD