Financial Institutions

Highlights

• 14 May 2012
  • 26 Italian banks downgraded as part of wider review of European banks
    We downgraded 26 Italian banks as part of a review for downgrade of various European banks initiated on 15 February 2012. We already took action on seven Portuguese banks in March. We expect to conclude the remaining reviews on other European banking systems by the end of June. This wider review is driven by the difficult European operating environment caused by the prolonged euro area crisis, and the deteriorating creditworthiness of certain euro area sovereigns (including Italy)… Press Release l Special Comment l Bank Ratings Page l Ratings List
• 7 May 2012
  • US Fed Survey reads credit positive for domestic banks, negative for foreign banks
    The Federal Reserve’s recent Senior Loan Officer Survey shows continued strong demand for commercial and industrial (C&I) loans and little change in credit standards. Conversely, US branches and agencies of foreign banks reported overall tightening of standards and weaker demand for C&I loans... Full Report
  • First-Quarter teleconference on US banks
    We update investors on our rating review of the global investment banks, discuss Moody’s Analytics housing outlook, and review the first quarter for banks, during which mortgage banking boosted earnings and big banks benefitted from capital markets and credit cards. We also saw dividends and repurchases increasing, but keeping well below historic highs... Full Report