Australian bank funding costs to ride out negative Fitch move

03 Feb 2012

Funding costs for Australia’s big four banks will not be badly hit by Fitch Ratings’ decision to put their ratings on negative watch, said bank analysts.

"It won’t affect their funding costs significantly," said William Mak, a credit analyst at Nomura. "If you look at the credit spreads of Australian banks, they have not moved much since they were put into watch negative by Fitch."

Fitch rates Commonwealth Bank of Australia (CBA), National Australia Bank ...

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