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Monday, 27 February 2012 00:00 - - {{hitsCtrl.values.hits}}
SYDNEY (Reuters): Credit ratings agency Fitch cut its ratings on Australia’s top three banks on Friday, saying sourcing of wholesale funds on international markets had become more vulnerable to swings of confidence.
Fitch cut the ratings of Commonwealth Bank Of Australia, National Australia Bank Ltd and Westpac Banking Corp by one notch to AA-.
Australia and New Zealand Banking Corp, already at AA-unchanged.
