LONDON, March 16 (Reuters) - Banks should largely be able to cope with "unrealised losses" on bonds and the collapse of Silicon Valley Bank, top credit ratings agencies S&P Global and Moody's said on Thursday, although they remained guarded on Credit Suisse's woes.
"At this stage, we view the risks from unrealized losses as manageable," S&P said in a report published just days after the collapse of Silicon Valley Bank, a lender it had rated as 'investment grade' until the day it fell.
Rival agency Moody's also offered its balm to the Credit Suisse jitters, saying that while it would "act appropriately" with the Swiss bank's rating, Europe's lenders remain in fundamentally good health.
"That kind of confidence shock that we've just seen from the U.S. is bound to have some impact," Hill said.
Reporting By Marc Jones and Lawrence White Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.