Moody's upgrades banking rating

Updated 2017-07-28 09:48:19 Global Times

Moody's Investors Service has revised the outlook for China's banking system to stable from negative, the first change since 2015.

The revision reflects the institution's expectations that non-performing loans will be relatively stable at the current level, which is an improved trend compared to the more rapid deterioration in asset quality that occurred in 2015 and the first half of 2016, Moody's said in a note sent to the Global Times on Thursday.

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