Moody’s downgrades outlook to negative – Economy

The rating agency Moody’s assesses the prospects for the US banking system after the collapse of California’s Silicon Valley Bank (SVB) as worse than recently. The credit rating experts lowered their rating for the outlook from previously “stable” to “negative”, as announced by Moody’s on Tuesday. The business environment for the sector has deteriorated due to the run on the coffers of SVB, Silvergate Capital and Signature Bank. He is now struggling with a crisis of confidence, both on the part of investors and on the part of deposit customers. Institutions that have significant unrealized securities losses and unsecured deposits could be more affected. Because bank customers were looking for safe alternatives for their funds.

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