Moody’s Maintains Negative Credit Outlook For U.S. Banking Industry

In its latest quarterly credit update on the U.S. banking industry, Moody’s Investors Service said that although rated bank asset quality continues to improve, it is maintaining its negative credit outlook on the system. “Although loan charge-offs decreased for a fifth consecutive quarter, and non-performers and early-stage delinquencies improved across all major asset classes, asset quality indicators are still very weak by historical standards,” said Vice President Joseph Pucella. – iMarketNews