S&P says global banks can largely fend off tougher credit conditions

PETALING JAYA: Credit conditions remain broadly supportive of global bank asset quality, even if economic growth slows, according to S&P Global Ratings in a series of reports.

“Most banks globally should be able to contend with challenging credit conditions in 2020 at current rating levels, ” said Emmanuel Volland, a Europe-based credit analyst at S&P Global Ratings.