Moody’s provided another “vote of confidence” for Greece’s four systemic banks on Wednesday, citing the positives prospects of the sector are mostly the result of improved profitability, and while credit risk remains manageable.
The international ratings firm said Greek banks’ capitalization also remains stable.
The fillip comes in the second report issued on the Greek banking sector by Moody’s within the last two weeks, and in light of banking sector instability in the United States and Switzerland.
On March 21 Moody’s reported that Greek banks benefit from strong levels of liquidity and credit financing, as a result of high deposits, while capital levels also remain above regulatory demands.
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