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S & P cut ratings over Asia-Pacific banks
According to media reports, the S & P 121 Day announcement, a number of Asia-Pacific banks again lowered the credit ratings of the four major Australian banks Commonwealth Bank of Australia have been demoted in the list.
S & P to Commonwealth Bank of Australia, Westpac, ANZ and National Australia Bank lowered the rating from AA to AA-, the largest Australian investment bank Macquarie Bank was even lower levels, from A-down to BBB. A rating from Standard Chartered Bank was raised to A +, Nomura Holdings remain unchanged.
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