Moody’s downgrades Greece lower than …Egypt
Another brick in Greece’s wall and in the heads of our government in general, and Finance Minister’s in particular. Rating Agency Moody’s downgraded Greece and placed it below … Egypt! Reuters just...
View ArticleMoody’s Violently Kicked EU’s Butts Over Portugal
Finally the kings and queens of European Union and relevant royal families like the one in Germany woke up. In fact, they were violently rose from their beds with a painful kick landing at their...
View ArticlePSI: Greeks Head to IMF as IIF Complains and Hedge Funds Warn of Default
Petros Chistodoulou and Giorgos Zanias, heads of Greece’s Public Debt Management Agency (PDMA) and the Council of Economic Advisers respectively, are heading to Washington for talks with...
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Fitch, Moody’s Threaten Euro Zone with “Collective Downgrade”, Should Greece…
Rating agencies Fitch and Moody’s threaten to collectively downgrade the Euro Zone, should Greece exit the common currency club. I wonder: did Greeks get supporters against Germany’s pressures? Is it a...
View ArticleCitigroup: Greece probably to leave eurozone next year
Three eurozone nations will have to restructure their government debt next year, and Greece will probably exit the eurozone, Citigroup predicts. Italy, Spain and Greece will need debt restructures next...
View ArticleMoody’s: Greece’s return to bond market is “credit positive”
Greece’s return to international debt markets in January with a issue worth 2.5 billion euros is credit positive for the junk-rated country, ratings agency Moody’s said on Friday. “It was Greece’s...
View ArticleMoody’s upgrades Greece by 2 notches, opens way for 10-Year bond issue
Rating agency Moody’s announced on Friday it has upgraded Greece’s sovereign credit rating by two notches to “B1” with a stable outlook, from the “B3” rating with a positive outlook it had granted...
View ArticleMoody’s keeps Greece’s sovereign credit at B3, positive outlook
Ratings agency Moody’s keeps Greece’s sovereign credit rating unchanged at B3, with a positive outlook, in a credit opinion it issued on Wednesday. The international ratings agency noted that Greece’s...
View ArticleMoody’s: Greece’s return to bond market is “credit positive”
Greece’s return to international debt markets in January with a issue worth 2.5 billion euros is credit positive for the junk-rated country, ratings agency Moody’s said on Friday. “It was Greece’s...
View ArticleOutlook for Greek banks remains positive, says Moody’s report
The outlook for Greece’s banking system remains positive on expected improvements in banks’ funding and asset risks, Moody’s Investors Service said in a report released on Monday. “Moody’s expects more...
View ArticleMoody’s: Thomas Cook liquidation is “credit negative” for Greek, Cypriot banks
The collapse of British tour operator Thomas Cook is “credit negative” for Greek and Cypriot banks because it reduces the cash flow of businesses in the tourism sectors of these countries, ratings...
View ArticleMoody’s: Greece can weather a prolonged tourism slump
Most European sovereigns, including Greece, can weather a prolonged tourism slump, Moody’s said in a statement on Monday. The decline in tourism in the countries of the European South is likely to last...
View ArticleMoody’s: Greece vulnerable to climate change, even if cost from fires manageable
Wildfire-related costs from the catastrophic wildfires will be manageable for Greece, but they highlight the country’s vulnerability to climate change, while tourism may also be affected, Moody’s said...
View ArticleMoody’s: Ukraine war to affect Greece growth rate, inflation, tourism
The Russian invasion of Ukraine will weigh on Greece’s growth rate, have a major impact on inflation, shrink disposable incomes and render the country’s 2022 tourism prospects less rosy, according to a...
View ArticleMoody’s: New ND gov’t in Greece will be ‘credit positive’, lead to ‘large...
New Democracy’s strong results in last Sunday’s elections significantly increase the chance that it will form a government after the repeat elections to be held at the end of June, Moody’s credit...
View ArticleFitch and Moody’s upgrade Greek banks
Fitch Ratings on Tuesday upgraded Greece’s four systemic banks ratings, following a recent round of upgrades of Greece’s credit rating. Fitch Ratings upgraded Eurobank SA’s Long-Term Issuer Default...
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