Ratings agencies do not seem to make the news so often when upgrading...
Moody's ratings agency upgrades German banks | Business News | DW.DE | 06.09.2013
Moody's ratings agency upgrades German banks | Business News | DW.DE | 06.09.2013
The outlook for the German banking system had been changed from negative to stable, international ratings agency Moody's said in a report released on Friday.
“The outlook change reflects that, following a year of reduced crisis-related losses and improved capital strength, German banks are now more able to withstand shocks,” the report said.
Moreover, the country's financial institutions were operating in a business environment that was largely stable as a result of an improving German economy and benign lending conditions.
“The outlook change reflects that, following a year of reduced crisis-related losses and improved capital strength, German banks are now more able to withstand shocks,” the report said.
Moreover, the country's financial institutions were operating in a business environment that was largely stable as a result of an improving German economy and benign lending conditions.
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