“Fitch has placed four major Australian banks’ long-term issuer default ratings (IDR) and viability ratings (VR) together with many of their subsidiaries’ ratings on rating watch negative (RWN) The four banks are Commonwealth Bank of Australia, National Australia Bank Limited, Westpac Banking Corporation and Australia and New Zealand Banking Group.”
Reuters reporting.
Aussie dollar has extended losses on the news, having been as low as 1.0559, presently at 1.0568.