Moody's changes outlook on US banking system to stable from negative
Tweet
Share
E-mail
FILE PHOTO: A man passes by the corner stone on the Federal Reserve Bank of New York in the financial district in New York City, U.S., March 4, 2019. REUTERS/Brendan McDermid/File Photo
(Reuters) - 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 stabilize bank asset quality and drive profitability.
(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Sandra Maler)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Toyota to recall over 508,000 US vehicles over instrument cluster display issues
- Australia's central bank warns further hike 'quite possible' after holding rates steady
- Indonesia races to contain fires as haze spreads across region
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
