Moody's lowers outlook for South African banks to negative

27 May 2016 - 15:34 By REUTERS
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Ratings agency Moody's on Friday lowered its outlook for the South African banking system to negative from stable, citing deteriorating operating conditions it expected in the next 12-18 months.

Image: Gallo Imates/ IStock

"The outlook expresses Moody's expectation of how bank creditworthiness will evolve in this system over the next 12 to 18 months," the annual banking system outlook said.

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"The challenging economic outlook will strain borrowers' repayment capacity, fuelling increased asset risks."

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