Bloomberg News

Europe Bank Recapitalizations ‘Credit Positive,’ Moody’s Says

October 10, 2011

Oct. 10 (Bloomberg) -- European bank recapitalizations are “credit positive,” Moody’s Investors Service said.

The benefits will be limited, Moody’s said today in its Weekly Credit Outlook.

“Any recapitalization initiative will not address the underlying driver of Europe’s bank crisis,” the report said. “It is unlikely to achieve more than a temporary respite from banks’ sovereign debt woes and we expect investor sentiment to remain fragile.”

To contact the reporter on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net


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