Major banks will retain support of Aussie parents - S&P

Wed, 18 Mar 2020

International ratings agency Standard & Poor's says the big four New Zealand banks are in a strong position to weather the coronavirus crisis although credit losses are likely to rise from currently very low levels.The four banks are still on "an extremely strong footing and we don't see any need to change the ratings or even expectations of any change," S&P bank analyst Sharad Jain told BusinessDesk.That also goes for the degree of support Australia's big four banks, which own the New Zealand big four, are expected to be able to provid...

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