World, As Seen from the most beautiful islands: Ireland and Cyprus

Nine of five EU banking systems lowered by Moody’s, Ireland retained the score


Moody’s Credit rating agency has evaluated nine European banking systems because of the corona pandemic. The scores on five of them was subsequently lowered, partly due to the expectation that the provisions for bad loans will rise sharply.

This concerns the banking systems of Norway, Finland, Portugal and Hungary. They went from stable to negative. Slovakia’s banking system went from positive to negative. Opinions on banking systems in the Czech Republic, Poland, Austria and Ireland remained stable.

According to market researchers, liquidity in most banking systems is strong and capital buffers are “substantial”. But the economic impact of corona will hit the results firmly. At the end of March, Moody’s negative expectations for the French, Italian, Spanish, Danish, Dutch and Belgian banking systems.

Written by: Grace Kennedy

Grace Kennedy is a leading journalist, columnist of events in Ireland and beyond. 8 years in journalism, since she dropped out of university and ran away from home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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