Moody’s retains ‘negative’ outlook on China’s banking institutions amid problems of emerging from Covid-zero

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“The challenging adjustment to the exit from zero-COVID, for each debtors and lenders, will weigh on banks’ asset high-quality and profitability more than the up coming 12-18 months,” mentioned Moody’s analysts in a observe Wednesday.
Moody’s experienced changed its outlook on China’s banks to “adverse” from “secure” in November because of to “deteriorating working setting, asset excellent and profitability.”

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