Moody’s changes Germany banks to stable

Moody's Investors Service said it changed the outlook on Germany's banking system to stable from negative, reflecting the removal of uncertainty surrounding government support following the introduction of a banking resolution framework in the country.

The stable outlook replaces last year's negative view, which was driven by changing attitudes toward government support for ailing banks in Europe. The implementation of an effective bank resolution regime in Germany led the agency to reduce its assumptions for government support in June 2015, and these have been factored into German banks' ratings.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.