Moody’s downgrades outlook of the Spanish banking profitability challenges – Investing.com Spain

MADRID (Reuters) – Moody’s (NYSE Investors Service downgraded on Wednesday its outlook for the Spanish banking system from “positive” to “stable” to the growing challenges facing profitability entities as a result of the trend to deleveraging and environment types of persistently low interest rates.

However, the rating agency believes that the current strength of the Spanish economy is helping to raise the profile of risk of the assets of the Spanish banking system, which for many years was the biggest drag on these entities.

“with economic growth (Moody’s expects GDP growth of 2.9 percent this year and 2 percent in 2017), the rating agency expects the asset quality of Spanish banks continue to improve … and still raised the stock of problem loans is gradually reduced. “

in the latest stress tests on European banks released last Friday, the six largest Spanish banks capital exceeded recommended levels

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