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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... financing routes. Overall, the positive outlook suggests that Greece’s credit rating could be upgraded... credit rating activity is by Fitch on February the 8th, followed by Moody’s on March 1st.
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Fitch keeps Greek rating stable at 'BB-' but sees growth momentum building
EconomyOn Friday night, Fitch reaffirmed its ‘BB-‘ credit rating for Greece, keeping the outlook stable. Fitch remains ahead of the main ratings agencies with S&P keeping the credit score at ‘B+’ last month... deteriorating current account could individually, or collectively, lead to lower credit rating. This round
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Athens aims to wrap up legislation on foreclosures and issue 10-year bond
EconomyProgrammeto issue a 10-year bond this week, capitalising on the credit rating upgrade from Moody’s on Friday... Sachs, JP Morgan, Citigroup, BNP Paribas, Credit Suisse and HSBC have been appointed as primary...’s credit rating by two notches taking it to ‘B1’, from ‘B3’ previously, with a stable outlook, from
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Bonds enjoy great buoyancy but remain some distance from investment grade
Economyapproach and did not proceed with an upgrade in last summer’s round of credit reviews. Fitch and S&P... upgrade, Moody’s said that although there has been significant progress to date, Greece's credit... system are an additional dependency on raising Greece’s credit rating, as well as the mitigation
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Moody's holds on rating update stressing need for reform
Economyfrom the eurozone in question and as such would put downward pressures on the credit rating. It was six... credit rating by two notches from ‘B3’ to ‘B1’ and the outlook was revised from positive to stable... material changes in credit circumstances (if any) during the intervening period.”
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ND aims to show progress at Eurogroup but QE unattainable for now
EconomyProgrammeas the ECB was winding down QE. As the country's credit rating was below investment grade... Moody's did not even update its credit rating last month. Moody's stressed the challenges that Greece... and with its reform drive will be able to speed up its credit ratings upgrades and become eligible
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Athens takes heart from Gentiloni, Lagarde comments but still has distance to cover
EconomyMacroeconomybe the possibility to seek again credit or resume other business activity. Aside from this thorny political... endorse it, this will further strengthen Greece’s credit rating and bring it to a level of eligibility... to be covered before reaching the promised land of QE and have focused on accumulating credit rating
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Newsletter 245 -27/03/2020
GDP in 2018. 2 Credit contraction at 0.7 pct in Feb Balance reaches 153.74 billion Credit..., the balance of credit to non-financial corporations was positive by 418 million euros, reversing
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Amid Eurogroup stalemate, Athens focusses on extra liquidity available after ECB move
EconomyAthens would be willing to enter into a credit line agreement that would involve any conditionality... of the Eurosystem, which will support credit to the economy by easing the conditions for the use... the waiver of the minimum credit quality requirements since Greece’s marketable debt securities remain
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Greece takes stock of measures to mitigate Covid-19 impact after Eurogroup reaches deal on latest batch
Economyvia an Enhanced Conditions Credit Line (ECCL) at low interest rates and without any extra conditionality as long as they “commit to use this credit line to support domestic financing of direct... to the Finance Ministry as the access to the ESM credit line without the strict conditionality
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