Moody’s views U.S. banks negatively

Moody’s Investors Service reviewed a group U.S. banks and revised their outlooks to negative from stable.

The agency cited the strain on the U.S. banking industry caused by funding pressures, regulatory capital weaknesses and increasing risks associated with commercial real estate exposures.

Moody’s continues to expect the U.S. economy to suffer a recession in late 2023 and early 2024.

The agency affirmed the ratings of the following banks but revised their outlooks to negative from stable: Huntington Bancshares Inc., PNC Financial Services Group, Inc., Capital One Financial Corp., Citizens Financial Group, Inc., FNB Corp., Cadence Bank, Fifth Third Bancorp, Bank OZK, Regions Financial Corp., Simmons First National Corp. and Ally Financial Inc.

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