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Athens waits for credit rating upgrade as 10-year yield drops to new low
Economynight, when the agency is due to publish its credit rating review. S&P was the first ratings agency.... Although at the time S&P was ahead of the rest of the agencies with its rating, since June 2018 it has not taken any rating action on three occasions during its regular cycle. This means it is now
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Fitch keeps Greece's rating at 'CCC'
Economyexpectation, the rating agency says there is a risk of capital controls being introduced to curb deposit...In its scheduled rating review on Friday, Fitch affirmed Greece’s rating at ‘CCC’, where it was initially placed on March 28. The rating agency highlights that lack of market access and uncertain
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Fitch keeps Greece’s rating at ‘CCC’
EconomyFitch affirmed Greece’s rating at ‘CCC’ in its scheduled rating review published on Friday evening. The rating agency’s baseline scenario is that an agreement will be reached between the Greek.... However, the rating agency notes that downside risks remain and a negative shock related
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Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Economyof capital controls by the end of the year. Fitch concludes that there is scope for positive rating...Fitch kept its credit rating for Greece unchanged at ‘BB-‘ with a stable outlook on Friday night. Fitch upgraded Greece in August last year. Its rating is one notch ahead of the other two leading
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S&P affirms Greece’s rating, outlook remains stable
EconomyS&P affirmed Greece’s ‘B-/B’ ratings in its scheduled rating review on Friday. The outlook remained stable, reflecting the rating agency’s view that the risks to its ratings are balanced over... review. The rating agency warns on the budgetary spending stressing that the pension expenditure
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S&P raises Greece’s rating by two notches in first upgrade since Sept 2014
EconomyStandard & Poor's raised Greece’s long-term rating by two notches from ‘CCC-‘ to ‘CCC... rating upgrade since September 2014 when the same rating agency upward revised Greece’s rating to ‘B’ on fiscal adjustment. According to S&P, the deviation of today’s rating action from its scheduled
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Fitch affirms Greece’s rating at ‘CCC’
EconomyIn its scheduled review published on Friday evening, Fitch affirmed Greece’s rating at ‘CCC’. It is worth noting that S&P has the highest rating (B-) on Greece, three notches above that of Moody’s (‘Caa3’) and two notches higher than Fitch. The rating agency commented that the fiscal performance
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Polls show drastic erosion of trust in institutions, but ND retaining political dominance
PoliticsGreek Politicscaptures a pattern of dramatic erosion, in some cases reversal, of trust in public institutions among... an erosion in the power of institutions and independent authorities by painting the accusations
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Helped by trading gains, Eurobank posts 305 mln in Q1 profits
EconomyBankingEurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year. Core pre-provision income (PPI) rose by 10.4 percent year-on-year (YoY) in Q1 to 240.4 million euros, with 62.1 million euros of loan loss provisions
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S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
EconomyStandard and Poor’s opened the credit rating review cycle of the new year for Greece by affirming its ‘B+’ rating, which it granted in June of last year following the Eurogroup decisions... is the equivalent of ‘B-‘ as the agency did not take an anticipated rating upgrade back in September, opting
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