S&P being Optimistic on AU banks and How are Banks Placed Amidst Covid Pandemic? International rating company, S&P Global Ratings recently said that the Australian banks are likely to captivate the rise in credit losses and disruption to funding markets caused due to the coronavirus outbreak, devoid of presenting any instant or substantial risks to the banks’ creditworthiness.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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