Search the Wall!Credit Outlook Remains Negative for Most U.S. Banks: Fitch
March 10, 2010
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Credit Outlook Remains Negative for Most U.S. Banks: Fitch
Fitch Ratings warned Tuesday that the still-weak financial fundamentals of the nation's lenders have cemented its rating outlook for the U.S. banking sector as negative.
The New York-based agency did note, though, that many of the factors that have been putting downward pressure on banks' ratings, including lending and liquidity, are easing. However, commercial real estate exposure, particularly for regional banks, as well as consumer mortgages are expected to weigh heavy on lenders' earnings into 2011.
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