It is unlikely that major European banks will face the downward spiral that led to the need to save the Swiss bank Credit Suisse by rival UBS, Moody’s rating agency estimates, quoted by Bloomberg and Agerpres.

None of the remaining 11 European megabanks, which include Deutsche Bank AG and BNP Paribas SA, “exhibit weaknesses in the credit profile that have led to a loss of investor and depositor confidence” in Credit Suisse, deficiencies that have accumulated over about two years, it said Moody’s in a report published on Wednesday.

European bank stocks and bonds have fluctuated widely in recent weeks as problems at Credit Suisse and the collapse of several US regional banks added to the volatility caused by a sharp rise in benchmark interest rates.

Bankers and regulators have tried to convince investors that European banks cannot be compared to those institutions that have failed because they have restructured their businesses and improved risk management procedures.

Moody’s assurances regarding the banking market in Europe

“These banks have started a large and expensive restructuring process and, for the most part, have completed it,” said a team of Moody’s analysts led by Michael Rohr in a report on 12 European banks that are large enough to be considered important. to the global financial system.

According to Moody’s, deposits in European banks are probably more stable than in American ones.

In addition, large European banks tend to benefit from a focus on insured deposits from individuals and a lower weighting of “confidence-sensitive” liquidity deposited by large companies or high-net-worth individuals, the rating agency added.

“This will help major European banks better protect their funding bases during periods of stress and tension in the capital markets, which will support the stability of these banks’ balance sheets,” Moody’s said.