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S&P highlights risks for Greek banking sector
Economyreleased on Wednesday evening. Against this backdrop, the rating agency expects banks to book high credit... during the crisis weigh on Greek banks’ financial profiles. The rating agency estimates banks’ non... 2017. The rating agency reiterates its estimate for zero GDP growth in 2016 and strong rebound of 3
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Bank of Greece study finds one in six local firms is strategic defaulter
EconomyMacroeconomy-performing. The financial ability of each company was based on the internal credit rating applied by each bank and the sample was split in firms with high/low credit rating, entailing lower/higher... credit rating did not allowclassification in one of the first two categories. The firms with high
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S&P upgrades Greece to 'B+' on back of Eurogroup agreement
EconomyS&P was the first credit rating agency to respond to last week’s Eurogroup agreement by raising Greece’s long-term credit rating to ‘B+’ from ‘B’ on Monday. The outlook was also updated to stable... to a lower credit rating. According to S&P, the graduation from the adjustment programme
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Newsletter 172 -27/07/2018
improvements to the running of the country. S&P keeps rating stable, outlook positive Travel balance shows strong growth in May Having updated Greece’s credit rating ahead of schedule at the end of last... the country’s rating unchanged to ‘B+’ during its recent update cycle. The outlook was revised
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Newsletter 204 -03/05/2019
up. Primary surplus at 1.44 mln in March Overdue tax pile surpasses 104.4 bln as S&P keeps rating... (S&P) confirmed late last week that its credit rating for Greece would remain at ‘B+’, also maintaining its positive outlook. S&P is now in line with Moody’s as the latter raised Greece’s rating by two
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Moody's, DBRS keep ratings unchanged, leave no doubt that fiscal prudence is key for next moves
Economythe rating and outlook unchanged. This was the most likely outcome given the global challenges... market participants speculating that the agency could upgrade Greece as its rating is behind the rest... hand has Greece at ‘BB (High)’ that is one notch below investment grade by its rating table. Greece
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Newsletter 368 - 03/02/2023
, in the first rating review of the year, upped Greece’s credit rating by one notch to ‘BB+’. Greece... for this year. At this stage, three out of the four rating agencies that are accepted by the ECB have... and three from investment grade. The ECB accepts the highest rating from any of those agencies, based
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Moody's keeps Greece three notches from investment grade, improves outlook on back of growth potential
EconomyAs expected, Moody’s kept Greece’s credit rating at ‘Ba3’ on Friday, while it improved the outlook... three notches from investment grade, behind the rest of the leading rating agencies who have the country’s sovereign rating one notch behind what the government has described as a “national goal
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Newsletter 422 - 26/04/2024
. The week started with the S&P rating review, which was released last Friday. Although it left the rating unchanged at ‘BBB-‘ it upped the outlook to positive from stable. The agency is in line with other leading rating houses, noting the progress made on the fiscal and debt fronts. However
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Manufacturing growing at steady pace despite supply chain, inflation issues
EconomyMacroeconomyprices remain a concern, with transportation delays and material shortages leading to unprecedented rise... in production”, commented Markit analysts. "Transportation issues and material shortages led input costs... to a significant shortage in materials that constrained capacity. September also saw a significant rise
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