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  1. S&P lowers Greek long-term rating by one notch to CCC-

    Economy

    S&P lowered on Monday Greece’s long-term rating by one notch to ‘CCC-‘ from ‘CCC’ with negative outlook. Greece’s rating by S&P is now the lowest among the rating agencies with Fitch’s rating at ‘CCC’ and Moody’s at ‘Caa2’, which is equivalent to ‘CCC’. Based on the S&P sovereign calendar, the next

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  2. Moody's downgrades Greece's rating by one notch to Caa3

    Economy

    Following 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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  3. Pension reform to be one of new government's toughest challenges in next weeks
    Photo by MacroPolis

    EconomyProgramme

    Reform 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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  4. S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March

    Economy

    In 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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  5. NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
    Photo by MacroPolis

    EconomyBanking

    million and goodwill write-off of 432 million) 2) One-offs of 138 million, with the bulk stemming from

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  6. PMI drops for third straight month to hit one-year low of 48.3 in Nov

    EconomyMacroeconomy

    during November as the headline PMI slumped to its lowest level in one year.” “Weaker demand

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  7. Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Fitch 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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  8. Moody's leaves Greece's rating unchanged, one notch from investment grade
    Photo by Panayiotos Tzamaros

    Economy

    Despite 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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  9. After criticism over public sector jobs, gov't names new revenues chief
    Photo by MacroPolis

    PoliticsGreek Politics

    doctors being forced to resign was raised. “Over the last year there has been no break with bad old... CEO Anthimos Thomopoulos to resign. The HFSF denied this was the case and Tsakalotos reportedly dodged..., initially resisted calls for her to resign but eventually stepped down. Revenues chief It was not until

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  10. Insolvency bill debate brings implementation challenges to the fore
    Photo by MacroPolis

    PoliticsGreek Politics

    “second chance” directive, is one of the requirements of Greece’s creditors as part of the post..., servicers and the Greek state, around one third of which relates to individuals and the remainder..., the borrower would be relieved of any debt obligations, while the period is shortened to one year

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