Moody’s upgrades UK banking sector on improved capital positions
The sector still faces deteriorating economic conditions in the months ahead on Brexit, the firm warns
Moody’s upgraded the state of the UK’s banking sector from negative to stable on August 2, citing banks’ increased ability to withstand deteriorating operating conditions relative to a year ago.
But the rating agency warns lower growth and depressed interest rates on the uncertain future relationship between the UK and European Union could leave banks struggling over the coming months.
The firm argues banks are better equipped to deal with a worse environment “because of improved capital
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