U.K. Banking System Outlook to Stable From Negative at Moody’s
Alert: HALISTER
Source: BFW (Bloomberg First Word)
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SAN SM (Banco Santander SA)
LLOY LN (Lloyds Banking Group PLC)
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FLEU US (Barclays ETN+ FI Enhanced Europe 50 ETN Series B)
BXUB US (Barclays ETN+long B Leveraged ETN Linked to S&P 500)
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UUID: 7947283
(Bloomberg) -- Moody’s Investors Service raises outlook on the U.K. banking system to stable from negative, says banks’ stronger credit profiles have increased their resilience to weakening operating conditions.
- Ratings agency still expects operating environment to deteriorate given heightened uncertainty prior to the U.K. leaving the EU, but says banks better placed to withstand tougher conditions
- Expects U.K. economy to slow, impacting banks’ revenue and credit quality
- U.K. banks will remain healthy due to improved capital positions, strong loan quality and robust liquidity and funding positions
- Banks have maintained good access to wholesale markets in the aftermath of last year’s EU referendum, Moody’s expects this to continue over the 12-18 months outlook period
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
SAN SM (Banco Santander SA)
LLOY LN (Lloyds Banking Group PLC)
VQT US (Barclays ETN+ ETNs Linked to the S&P 500 Dynamic VEQTORTM TotaL Return Index)
FLEU US (Barclays ETN+ FI Enhanced Europe 50 ETN Series B)
BXUB US (Barclays ETN+long B Leveraged ETN Linked to S&P 500)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283