Moody's changes outlook on US banking system to stable from negative
Signage is seen outside the Moody's Corporation headquarters in Manhattan, New York, US, 12 November 2021. 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 stabilise bank asset quality and drive profitability.
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