Multiple digital panels on one board displaying numbers
Markets

Moody's: NZ banking system stable

Reuters with the latest from Moody's:

  • NZ banking system stable despite dairy sector distress and higher household leverage

More:

  • "Over the next 12-18 months, the banks' financial profiles will remain healthy on an absolute basis, and sound in relation to our expectations for their current ratings," says Daniel Yu, a Moody's Vice President and Senior Analyst.
  • "And, while asset quality and profitability are likely to weaken, the deterioration will be from a very strong base," adds Yu.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx