S&P cuts ratings for 23 financial firms
!["Housing is a central part of the Australian economy", says expert Shane Oliver.](/content/dam/images/g/w/3/k/t/3/image.related.afrIndexLead.320x210.gwa59u.gshfrb.png/1495428233836.jpg)
The global credit ratings agency has lowered the ratings of 23 Australian financial institutions as the risk of a sharp correction in property prices looms.
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The global credit ratings agency has lowered the ratings of 23 Australian financial institutions as the risk of a sharp correction in property prices looms.
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