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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
EconomyFitch published its latest credit rating review on Friday, essentially affirming the consensus... credit rating according to Fitch will be subject to risks if the public finances do not meet... that will lead to improved credit conditions for the private sector, and resilient response of the economy
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Newsletter 399 - 27/10/2023
drove the rebound in growth of credit expansion in September, picking up pace with an annual rise of 2.1 pct, from 0.9 pct in the previous month. Credit expansion peaked recently at 6.3 pct year... corporate lending, the flow of credit to non-financial corporations was positive by 2.21 billion
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Fitch leaves rating unchanged at 'BBB-', outlook stable
EconomyMacroeconomyFitch on Friday reaffirmed Greece’s credit rating to ‘BBB-‘ with stable outlook. It is another.... There is also a consensus building amongst rating agencies that the path to higher credit scores... the debt load to a downward path. Fitch notes that Greece’s credit strengths remain the high per
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Moody's upgrading Greece to investment grade puts an end to painful 15-year cycle
Economyupgrade reflects improved resilience in Greece’s credit profile, with faster-than-expected progress..., continued strengthening in the banking sector reduces the risk of a credit event that could affect... of 2.9 pct, close to the 2 pct EU average. However, bad loans persist in the economy via credit
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Moody's upgrade underlines gap between economic story and reality for households
EconomyThe recent upgrade of Greece’s credit rating by Moody’s to investment grade highlighted... of the improved GGB credit rating. At the same time, Greek banks have been charging some... raised Greece’s credit score, with Fitch and DRBS also upgrading in the same year. However, during
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Newsletter 460 - 02/05/2025
by a significant 18 pct YoY to 424,575. Inactive population also edged up to just over 3 million. Credit Lending to corporations continues to drive the strong credit growth in March with a rise of 10.3 pct YoY, from 10.5 pct in the previous month. The credit flow remained positive at 1.95 billion euros, from 1.41
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
EconomyS&P on Friday reaffirmed Greece’s sovereign credit rating at ‘BBB’ with a stable outlook, citing... 56 pct in 2016 to just 4.6 pct — enabling banks to extend credit and enhancing overall financial... not anticipate any credit action in the near term. However, a faster reduction in debt, sustained reform
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Newsletter 25 - 08/05/2015
Covered for May Government will find payment deadlines very difficult to meet in June This week... euros in June. deposits could be transferred to the BoG account, despite the objections raised... in June and September, 451 million in July and October, smaller amounts of 176 million in August
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Stocks plunge 8.8 pct over week in aftermath of UK referendum outcome
Economysessions amid increased optimism the UK would remain in the EU. In June, Greek shares are down... volatility. Since the beginning of June, Greek banks have lost more than one third of their market value.... The turnover climbed to 162 million euros for the first time in the course of June. This led to the average
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What can Greece expect at the next Eurogroup?
Agoraof the Eurogroup meeting on June 15, as all sides try to come to the type of accommodation that eluded... representatives of the interested parties, have shed some light on what we can expect on June 15... for it to return to the programme can be met. The June 15 meeting may result in some tweaks
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