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