Moody’s raises Greek banks’ outlook to positive

ΣΧΕΤΙΚΑ ΑΡΘΡΑ

Moody’s maintains Ba1 rating for Greece, one step below investment grade

Fitch revises outlook for Greek systemic banks to ‘positive’ from ‘stable’

Οι απτές συνέπειες της επενδυτικής βαθμίδας: Χαμηλότερες οι αποδόσεις των 10ετών ομολόγων από τα Αμερικανικά και τα Γερμανικά

Moody’s Investors Service on Thursday changed Greek banks’ outlook to positive from stable.

In a report, the credit rating agency said that its decision reflected mainly expectations for a further improvement in reducing the high levels of non-performing loans, as banks sell off legacy problem loans and move on with securitizations, combined with expectations for a gradual strengthening of Greek banks’ profits (core earnings).

The outllook reflects Moody’s assessment of the basic credit conditions that will affect Greek banks’ credit rating in the next 12-18 months.

Source: ANA – MPA

Follow Hellas Journal at GOOGLE NEWS

Power interconnection between Crete and the Peloponnese completed