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This question is based on CONTEMPORARY ISSUES IN FMs On April 7th, 2020, Fitch Ratings Inc.downgrades Australia's fourbiggest bankscredit ratings. How does this affect borrowers,

This question is based on CONTEMPORARY ISSUES IN FMs

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

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