U.S. Banking system upgraded to stable by Moody’s as risks fall
Moody’s Investors Service upgraded its view of the U.S. banking system to “stable” from “negative,” citing an improved operating environment and less risk from a weak economy.
Lenders have built capital and reduced costs from bad credit, Moody’s said in a statement today.
“Sustained GDP growth and improving employment conditions will help banks protect their now-stronger balance sheets,” Sean Jones, co-author of the report, said in the statement.
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