Moody’s says the banking system, private credit markets are sound despite worries over bad loans

Key Points

Despite worries over bad loans at midsize U.S. banks, there’s little evidence of a systemic problem, according to Marc Pinto, Moody’s head of global private credit.
“One cockroach does not a trend make,” Pinto said.
Market sentiment appeared to improve Friday after a sell-off Thursday.

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