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Moody’s Investors Service raises Greek banks’ outlook to positive

Moody's Investors Service raises Greek banks' outlook to positive

Moody’s Investors Service on Thursday changed Greek banks’ outlook to positive from stable, according to ANA.In a report, the credit rating agency noted 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).
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Source: tornosnews.gr/en/

Original article: Moody’s Investors Service raises Greek banks’ outlook to positive.

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