Moody’s: Ireland banking system to stable

Moody's Investors Service said it changed the outlook on Ireland's banking system to stable from positive as the country's banks consolidate their balance sheets and capital positions, and continue with a gradual clean-up of problem loans, helped by positive but slower economic growth.

"Our stable outlook for Ireland's banking system balances the country's improving operating environment and steady asset risk and funding conditions against a more challenging picture for profitability and efficiency," Moody's vice president, senior credit officer Irakli Pipia said in a news release.

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