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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.
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Investment grade boost visible in strong demand for Greek assets
EconomyThe benefits that were widely anticipated from Greece securing the investment grade have become tangible over the last few months, at least on the demand side for Greek assets, including the sovereign, banks, and state assets.
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Investment grade rewards evident in first bond issuance of 2024, attracting record demand
EconomyThe benefits of Greece securing the investment grade for its sovereign debt from four rating agencies last year were clearly visible in the first bond issued by the Public Debt Management Agency on Tuesday.
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Benefits of investment grade starting to become visible
EconomyGreece started seeing the first signs of the rewards from securing an investment grade from all the leading, and ECB accepted, rating agencies bar Moody’s, though domestic continue to cause concern for the government.
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Fitch rating upgrade seals Greece re-establishing itself as investment grade material
EconomyThe annual credit review cycle for Greece was concluded on Friday with Fitch becoming the latest rating agency to award Greece an investment grade, upping the country’s rating to ‘BBB-‘, while keeping the outlook stable.
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S&P awards investment grade, bringing arduous cycle for economy to a close
EconomyS&P became on Friday the first of the three leading rating agencies that restored Greece to investment grade, bringing to a close an arduous period for the country that started at the end of 2009 and was sealed with the signature of the first adjustment programme with the eurozone and the IMF in May 2010.
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Moody's ups GGB rating by two notches, on par with S&P and Fitch
EconomyMoody’s upped on Friday night Greece’s credit rating by two notches to ‘Ba1’ with a stable outlook, coming on par with the other two leading rating agencies that had Greece one notch below the investment grade.
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Return to investment grade overshadowed by flood destruction
EconomyThe Greek authorities and particularly the government must have had different plans in response to Friday’s move by DBRS to upgrade Greece’s credit rating to investment grade, a rating that it lost 13 years ago as the debt crisis was unfolding and led to three successive adjustment programmes.
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Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
EconomyAfter the R&I rating agency of Japan, it was Scope Ratings from Germany on Friday that moved Greece up by one notch to ‘BBB-‘, which is within the investment grade category, with a stable outlook, although both of the agencies are not part of the four agencies that the ECB has endorsed for its policy decisions.
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Fitch takes no rating action as fiscal continuity remains crucial to investment grade
EconomyMacroeconomyFitch took no action on Friday regarding Greece’s rating, re-affirming the country’s ‘BB+’ and keeping the outlook stable.