Fitch may change its NZ bank ratings if capital requirements become too onerous

Wed, 03 Apr 2019

By Jenny Ruth April 4 (BusinessDesk) - International ratings agency Fitch Ratings is warning it may downgrade its ratings of New Zealand’s big four banks if the Reserve Bank’s minimum capital requirements become so onerous that their Australian parents look to divest them. In reaffirming the “AA-“ ratings of all four of New Zealand’s largest banks, with a stable outlook, Fitch emphasises that’s largely because of the strong support of their parents, which are Australia’s four largest banks. The Reserve Bank is proposing to increase the...

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