Moody’s – Italy banking outlook changes to stable from negative as problem loans fall

//Moody’s – Italy banking outlook changes to stable from negative as problem loans fall

The outlook for Italy’s banking system has changed to stable from negative as problem loans will continue to fall, while banks’ funding conditions improve and their capital holds steady, Moody’s Investors Service said in a report published today. “We expect Italian banks’ problem loans to fall in 2020 for a fifth consecutive year,” said Fabio Iann√≤, VP-Senior Credit Officer at Moody’s. “However, their problem loan ratio of around 8% remains more than double the European Union average of 3%, according to European Banking Authority data. We also take into account our forecast for weak yet positive Italian GDP … (full story)

2019-12-04T12:16:02+00:00