{"id":1725039,"date":"2022-11-04T06:05:03","date_gmt":"2022-11-04T10:05:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1725039"},"modified":"2022-11-04T12:21:19","modified_gmt":"2022-11-04T16:21:19","slug":"moodys-cuts-outlook-for-european-banks","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/moodys-cuts-outlook-for-european-banks\/","title":{"rendered":"Moody\u2019s Cuts Outlook for European Banks"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmoodys-cuts-outlook-for-european-banks%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1725039&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>FRANKFURT\u2014Global credit ratings agency Moody\u2019s downgraded its outlook for <a href=\"https:\/\/www.theepochtimes.com\/t-banks\">banks<\/a> in Germany, Italy and four other countries to \u201cnegative\u201d from \u201cstable\u201d on Wednesday as <a href=\"https:\/\/www.theepochtimes.com\/t-europe\">Europe<\/a>\u2019s energy crisis and high inflation weaken its economies.<\/p>\n<p>The downgrade also affects <a href=\"https:\/\/www.theepochtimes.com\/t-banking\">banking<\/a> sectors in the Czech Republic, Hungary, Poland, and Slovakia, and Moody\u2019s said the grouping includes those most at risk of energy price inflation and possible energy rationing.<\/p>\n<p>\u201cWe expect operating conditions to deteriorate further,\u201d Louise Welin of Moody\u2019s said.<\/p>\n<p>Some of Europe\u2019s largest banks have warned of growing risks as the economy fizzles after posting stronger-than-expected profits last week.<\/p>\n<p>European banks\u2019 shares have fallen nearly 25 percent from their highs before Russia invaded Ukraine in February.<\/p>\n<p>Moody\u2019s said it expected weaker bank loan quality, profitability, and access to funding.<\/p>\n<p>\u201cRising prices will affect the creditworthiness of many businesses and households, triggering the formation of new problem loans,\u201d Welin said.<\/p>\n<p>The outlook for British and Austrian banks remained stable, Moody\u2019s said.<\/p>\n<p>In Germany, government measures to support the economy will not fully offset challenges facing companies and consumers, Moody\u2019s said.<\/p>\n<p>\u201cGermany\u2019s economy will enter recession,\u201d it said.<\/p>\n<p>For Italy, Moody\u2019s cited stagflation risks and an expectation that the economy won\u2019t grow in 2023 after an expansion of 2.7 percent in 2022.<\/p>\n<p>\u201cRising prices will dent the creditworthiness of small businesses and households, creating new problem loans,\u201d the ratings agency said of Italy.<\/p>\n<p>In Poland, Moody\u2019s said banks face a near stagnation in economic growth next year, coupled with a big rise in interest rates and inflation, which will \u201climit growth opportunities.\u201d<\/p>\n<p><em>By Tom Sims<\/em><\/p>\n<div class=\"author_wrapper\">\n<div class=\"one_author_block round\">\n<div class=\"top_row\">\n\t\t\t\t\t<a href=\"https:\/\/www.theepochtimes.com\/author-reuters\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/reuters-logo-.jpg\" alt=\"Reuters\" \/><\/a><\/p>\n<p>Follow<\/p>\n<\/div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>FRANKFURT\u2014Global credit ratings agency Moody\u2019s downgraded its outlook for banks in Germany, Italy and four other countries to \u201cnegative\u201d from \u201cstable\u201d on Wednesday as Europe\u2019s energy crisis and high inflation<\/p>\n","protected":false},"author":1,"featured_media":1695410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1725039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1725039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1725039"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1725039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1695410"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1725039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1725039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1725039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}