UPDATE: ANZ and Westpac credit rating outlooks downgraded to 'negative' outlook: Fitch

Wed, 17 Jul 2019

(Updates to include Westpac also receiving outlook downgrade) By Pattrick Smellie July 17 (BusinessDesk) - Australia's ANZ Bank has taken another hit, with the international credit rating agency Fitch downgrading the bank's operations in both Australia and New Zealand from a 'stable' to a 'negative' outlook, citing "material shortcomings in operational risk management, which were not aligned with the assessment Fitch had previously incorporated into its ratings". Also receiving a Fitch outlook downgrade to negative, for the same reason...

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