Australia's major banks - needing to raise $100B in 2012, dealing with a reversal in the...

|About: Australia & New Zealand ... (ANZBY)|By:, SA News Editor

Australia's major banks - needing to raise $100B in 2012, dealing with a reversal in the country's bubbly property market, and facing an economy gasping for air in all but the mining sector - have been put on negative ratings watch by Fitch. The good news is the RBA's 4.25% benchmark rate - there's a lot of room for funding costs to decline.