NPL&REO News

Moody’s upgrades Greek Bank’s outlook to positive

Moody’s Investors Service changed Greek banks’ outlook to positive from stable.

In a report, the credit rating agency said 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).

The outlook reflects Moody’s assessment of the basic credit conditions that will affect Greek banks’ credit rating in the next 12-18 months.

Original Story: The National HeraldAuthor: Athens News Agency
Photo: Photo by Jonte Remos in FreeImages.com
Edition: Prime Yield

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