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Asia Sentinel
The Lucky Country's Luck Running Out?

The Lucky Country's Luck Running Out?

Our Correspondent
Dec 06, 2011
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Asia Sentinel
Asia Sentinel
The Lucky Country's Luck Running Out?
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Following our negative comments on Australia’s banks, the rating agency Standard & Poor’s has just downgraded all the big four – Westpac, Commonwealth Bank, ANZ and National Australia Bank by one notch and investment bank Macquarie by two to BBB. But so self-satisfied are the punters on Australian assets that they took this as a compliment and the share…

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