The Business Times

Moody’s changes outlook on US banking system to stable from negative

    • Moody's said the change reflects expectations that interest rate cuts and sustained moderate economic growth will stabilise bank asset quality and drive profitability.
    • Moody's said the change reflects expectations that interest rate cuts and sustained moderate economic growth will stabilise bank asset quality and drive profitability. PHOTO: BLOOMBERG
    Published Tue, Oct 22, 2024 · 08:43 AM

    RATINGS agency Moody’s on Monday changed its outlook on the United States’ banking system to stable from negative, saying that the change reflects expectations that interest rate cuts and sustained moderate economic growth will stabilise bank asset quality and drive profitability. REUTERS

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