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Moody's Improves Outlook for Slovenian Banking System

London, 08 September (STA) - Ratings firm Moody's has changed the 12-18 month outlook for Slovenia's banking system to stable from negative (Ba1 stable), finding that "gradually improving macro conditions and the recapitalisation of the largest Slovenian banks will counteract and ease asset quality pressures, and prompt a return to modest profitability".

Moody's cited the author of the report on Slovenia as saying that "the slowly improving economic environment should support borrowers' debt-service capacity and lessen the likelihood of a rapid formation of non-performing loans".

He pointed to the transfer of part of non-performing claims from the NLB and NKBM banks to the Bank Asset Management Company and the December 2013 bailout of Slovenian banks.

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