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

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Published Tue, Oct 22, 2024 · 08:43 AM
    • 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

    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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