Question: Hi, please help me with this question, thanks!! QUESTION 3 (CONTEMPORARY ISSUES IN FMS AND FUND MANAGEMET) a) On April 7th, 2020, Fitch Ratings Inc.

Hi, please help me with this question, thanks!!

Hi, please help me with this question, thanks!! QUESTION 3 (CONTEMPORARY ISSUES

QUESTION 3 (CONTEMPORARY ISSUES IN FMS AND FUND MANAGEMET) a) 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? [4 marks]

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