Moody’s Investors Service raises Greek banks’ outlook to positive

Moody’s Investors Service on Thursday changed Greek banks’ outlook to positive from stable, according to ANA.
In a report, the credit rating agency noted that its decision reflected mainly expectations for a further improvement in reducing the high levels of non-performing loans, as banks sell-off legacy problem loans and move on with securitizations, combined with expectations for a gradual strengthening of Greek banks’ profits (core earnings).

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