Many of the European Union's biggest banks passed Moody's 'stress test' designed to gauge exposure to debt in Greece, Portugal, Spain and Ireland, the rating agency said in a statement Friday."Based on our stress test, we believe that these banks would be able to absorb the losses that could arise from such exposures without requiring capital increases - even under worse-than-expected conditions," Jean-Francois Tremblay, a senior analyst at Moody's, wrote in the report.
For more, see EU Banks Pass Moody's Debt 'Stress Test' by CNBC.com, June 11, 2010.
No comments:
Post a Comment