Fitch downgrades ANZ NZ, ASB, BNZ and Westpac NZ credit ratings by one notch alongside those of their Aussie parents and gives new ratings a negative outlook

International credit ratings agency Fitch has downgraded New Zealand’s big four banks, alongside their Australian parents, by one notch to A+ from AA-.Fitch says the downgrades reflect the significant impact government measures to limit the spread of the coro… [+6765 chars]Source