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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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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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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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PMI rises to 41.1 points in May but manufacturer pessimism persists
EconomyMacroeconomyof contraction was among the strongest since the depths of the credit crisis in 2015. Difficulties... poor, driving lower hirings. Expectations of a prolonged recovery and difficulties accessing credit... and challenges accessing credit featured heavily in the reasons for pessimism among manufacturers
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Fitch keeps Greece at 'BB' rating as risks remain on horizon
EconomyAs was broadly expected, on Friday night Fitch kept Greece’s credit rating and outlook unchanged, at ‘BB’ and stable. Following a tumultuous year due to the pandemic, Greece finds itself with stable... to a credit rating downgrade. The next credit rating review for Greece is scheduled by S&P on April 23.
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Hercules nears end of its first cycle with National Bank's participation
EconomyBankingaccount for 18 pct, while consumer credit comprises 5 pct. Hercules was launched by the Greek government... in guarantees. In keeping the country’s sovereign credit rating unchanged at “BB” last week, rating... on those three fronts would lead to a credit rating downgrade. Bad bank In its most recent financial
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Newsletter 283 -05/02/2021
. Of the rest, corporate and structured business loans account for 18 pct, while consumer credit... credit rating unchanged at “BB” last week, rating agency Fitch listed more aggressive treatment of bad.... On the other hand, adverse developments on those three fronts would lead to a credit rating
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Fitch maintains Greek 'BB' rating with stable outlook amid some lack of visibility
EconomyAs anticipated, Fitch kept its credit rating for Greece steady at ‘BB’ with a stable outlook. Fitch... be expecting a credit rating upgrade if solid public finances lead to a firm downward path of debt-to-GDP, asset quality improvements at the banks assists credit expansion and assisted by the RRF medium-term
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Newsletter 313 - 22/10/2021
and pull with local credit institutions about the provision of liquidity to the economy, most notably... Christos Staikouras urged once again banks to look for ways for credit to reach small firms and to reduce... in 10 applications were rejected due to poor credit scores. For 16 pct of the applications the banks
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