Moody's Lifts Outlook for Austrian Banks

Published: August 24, 2017; 12:06 · (FriedlNews)

Moody's lifts outlook for Austrian banks on "positive", because the economic recovery in Austria makes it possible to improve the outlook for domestic banks.

Moody's Lifts Outlook for Austrian Banks / Picture: © Wikipedia / Imalipusram

US rating agency Moody's raised the outlook for Austrian banks from "stable" to "positive".

As a motive, the agency said on Thursday a decline in problem loans and an increase in capital rates.

According to Moody's, this is made possible by economic recovery in Austria as well as generally in Central and Eastern Europe.

Moody's (Moodys) also predicts stronger economic growth through increases in private consumption and investment...