Moody’s maintains stable outlook on the Greek banking system amid improved profitability prospects, balanced by still very high problem loans

Moody's-Greek banks

Moody’s Investors Service is maintaining its stable outlook on the Greek banking system, reflecting the rating agency’s expectation of some improvement in banks’ profitability and loan quality in 2017-18, balanced by very high level of problem loans. The outlook expresses Moody’s expectation of how bank creditworthiness will evolve in Greece over the next 12-18 months. Continue reading “Moody’s maintains stable outlook on the Greek banking system amid improved profitability prospects, balanced by still very high problem loans”

Moody’s: Euro area exit risk is very low – Greece aside – but could rise this year

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The likelihood of a country other than Greece leaving the European Union’s single currency area remains very low, but has the potential to increase materially this year given the rise of anti-EU political parties in the region, Moody’s Investors Service said in a report today. Continue reading “Moody’s: Euro area exit risk is very low – Greece aside – but could rise this year”