Question: Hi, I need help with this question please can you please guide me on how to answer this? On April 7th, 2020, Fitch Ratings Inc.

Hi, I need help with this question please can you please guide me on how to answer this?

  • On April 7th, 2020, Fitch Ratings Inc. downgrades Australia's four biggest banks credit ratings. How does this affect borrowers, lenders, and financial institutions? What are the implications of this downgrade to the health of the financial system?

Thank you

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