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S&P puts Greece on watch for downgrade after sizing up new coalition
Economyplaced on Wednesday Greece’s ‘B’ sovereign credit rating on CreditWatch with negative implications... with the official lenders. The rating agency would expect a continuation of the technical extension... as a pronounced risk to Greece’s debt sustainability. The rating agency thinks that the new
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S&P upgrades Greece to 'BB' with positive outlook in expectation of post-pandemic upside
EconomyIn an unexpected move late on Friday night, S&P upgraded Greece’s rating by one notch to ‘BB’ from... not taken any significant action on Greece since October 2019, when it had lifted the rating to ‘BB... Friday’s move, S&P is now on a par with Fitch. Both are ahead of Moody’s, whose rating stands at ‘Ba3
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DBRS moves Greece a notch closer to investment grade as Moody's holds off
EconomyThe Greek authorities anticipated two credit rating upgrades on Friday but had to settle for one as DBRS upped the country’s rating by one notch and just one step away from investment grade... credit rating upgrade for Greece by one of the three major rating agencies was by S&P in April last
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S&P leaves Greece a notch away from investment grade as outlook blurs
EconomyThe rating cycle for Greece for 2022 was completed on Friday, with the S&P leaving the rating... Greece had one rating upgrade by S&P in April to just one notch away from investment grade and one... goal of returning to the top rating. A few days earlier, Fitch left the rating at ‘BB’, which is one
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Newsletter 378 - 28/04/2023
percent in February, dipping to 28.4 percent in the immediate aftermath of Tempe. SYRIZA’s rating has... rating, keeping Greek debt one notch below investment grade, though it did up its outlook to positive. Greece’s fiscal performance and the debt trajectory are firmly in the sights of markets and rating
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Newsletter 399 - 27/10/2023
programme. The GGB rating was at A in January 2009. The rating went as low as Selective Default... that period. Greece’s rating had been steadily improving since, until the first half of 2015 when... upgrades from S&P, handing over a rating of ‘BB-‘ with positive outlook by October 2019, just a few
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After Greece clambers back to investment grade, what lies ahead?
Agorabefore signing the first EU-IMF programme. The GGB rating was at A in January 2009. The rating went... in the default category during that period. Greece’s rating had been steadily improving since, until... that it ended up signing, GGBs had five upgrades from S&P, handing over a rating of ‘BB-‘ with positive outlook
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Over one in five Greeks struggled to make ends meet in 2017
Societydeprived and were unable to make ends meet in 2017. Severe material deprivation is defined as being..., the highest since the survey’s records begin in 2003. The data set shows that severe material... with the lowest material deprivation rate was 2009 at 11 percent, shortly before Greece signed up to its first
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Newsletter 323 - 14/01/2022
that has been flagged up by all rating agencies.MacroeconomyCharts of the weekCPI Greece’s consumer... transportation costs, supply chain issues that pushed up the prices of raw materials and from September
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Newsletter 346 - 15/07/2022
an investment grade rating for Greek debt next year. The PM is likely to set out what measures are possible... growth in sectors affected by the cost of raw materials could lead to lower job creation and act
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