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Moody's downgrades Greece's rating by one notch to Caa3
EconomyFollowing S&P and Fitch, Moody’s downgraded on Wednesday Greece’s government bond rating by one notch to Caa3 from Caa2, while rating is on review for further downgrade. The key driver that triggered the downgrade lies with the fall in the probability of support to Greece since the previous
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammeReform of the Greek pension system will be one of the thorniest issues in the third bailout programme that the new government will have to tackle. It is a key milestone in the coming months. Top eurozone officials recently stated that pension reforms are also key for unlocking the next tranche of 3
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
EconomyIn an unexpected move, S&P upgraded Greece’s rating by one notch to ‘B-‘ from ‘CCC+’ on reform progress with a stable outlook. The last time Greece was ‘B’ rated was also by S&P almost 12 months ago. The rating agency assesses that Greece broadly complies with the conditionality of the third
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingmillion and goodwill write-off of 432 million) 2) One-offs of 138 million, with the bulk stemming from
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PMI drops for third straight month to hit one-year low of 48.3 in Nov
EconomyMacroeconomyduring November as the headline PMI slumped to its lowest level in one year.” “Weaker demand
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Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
EconomyFitch became on Friday the latest rating agency to place Greece one step away from investment grade, after upgrading its sovereign credit rating to ‘BB+’ from ‘BB’. The outlook is stable. Most analysts expect the investment grade, which the government has set as a so-called “national goal” for 2023
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Moody's leaves Greece's rating unchanged, one notch from investment grade
EconomyDespite hopes that on Friday Moody’s would complete the cycle of granting the investment grade for Greece and the country would be rewarded by all rating agencies, it left Greece unchanged at ‘Ba1’, which is one notch below the investment grade, and kept the outlook stable. Last September, Moody’s
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Newsletter 417 - 22/03/2024
investment grade, keeping it one notch below, after raising the country's rating by two notches last... levels aside, Greece has one of the most favourable debt profiles of not only similar but also higher... by the Interior Ministry, a Greek prosecutor and the country's data protection authority, while several
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The Parable of the Populists and the Contemplatives
Agorathen sees an opportunity to buy a new piece of equipment, a machine, that can double widget production.... Since this is a “durable” piece of equipment lasting many years, the rate of using up this machine..., with its new high volume machine, uses as one of the inputs a nonrenewable resource—something that we
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Running the wrong way: Rama's spat with the EU over vaccination underlines growing frustration
Agorahe has had with European counterparts. However, one would have expected that the OSCE Chairperson..., immunization forms a central piece of the electoral promise upon which he aims to salvage his party’s... was granted candidate status within one year of his first mandate in 2014, progress on opening accession
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