Moody’s slaps Megabank on downgrade watch
From Moody’s: Moody’s Investors Service has today affirmed the ratings of all Australian banks, but revised the rating outlooks of five banks to negative from stable. The banks with revised outlooks include Australia’s four major banks, Australia and New Zealand Banking Group Limited (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank Limited (NAB), and Westpac Banking Corporation (Westpac).