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Moody's

Debt Package is 'Credit Positive' for Greece, Says Moody's

A debt relief package offered to Greece by its creditors last week is a significant benchmark in Greece’s ongoing recovery from its deep government debt, economic and banking crisis, Moody's said on Monday. In a report, the credit rating agency...

Greek Banks Get Positive Stress Test Results from Moody's

The results of a stress test round for the four Greek systemic banks -- Alpha Bank, Eurobank, National Bank and Piraeus Bank -- are "credit positive" and showed the resilience of their supervisory capital, Moody's said in its Credit...

Erdogan Angry at Moody's Credit Rating on Turkey, Slams Greece

President Recep Tayyip Erdogan lashed out at Moody's for downgrading Turkey's credit rating from Ba1 to Ba2 and accused the investors service for showing preferential treatment to Greece. The Turkish president accused Moody's for double standards and used his country's...

Moody’s Cuts Turkey Rating Amid Increased Risk

Turkey saw a cut in its long-term issuer and unsecured debt ratings on Thursday, and a reduction in its rating outlook from 'stable' to 'negative'. Credit rating agency Moody's said the fall from Ba1 to Ba2 was due to a...

Moody's Upgrades Greece by Two Notches to B3

Moody's ratings agency upgraded Greece's rating by two notches late on Wednesday to B3 from Caa2, saying the country will successfully conclude its third adjustment program this summer and return to funding from the markets. The ratings agency said Greece...

Private Deposits Boost Greek Banks

An increase in private deposits in Greek banks in December 2017 is credit positive, Moody's said on Thursday. The credit rating agency, in a credit outlook report, said Greek banks' deposits from the private sector grew by €5.9 billion ($7.3...

Moody's Upgrades Greece's Sovereign Bond Rating to Caa2, Changes Outlook to Positive

Ratings agency Moody's announced on Friday it is raising Greece's credit rating one notch from "Caa3" to "Caa2", citing the successful completion of the second program review, the improved fiscal prospects, as well as tentative signs the economy is...

Moody's Says Agreement With Creditors Paves Way for Greek Debt Relief

An agreement reached between Greece and its creditors raised the possibility of a debt relief in the official sector and it is positive for the country's credit rating, Moody's said in a credit outlook analysis. The credit rating firm said...

2017's Low Deposit Rate Has Brought a 'Credit Negative' Event to Greek Banks, Moody's Says

Since the beginning of 2017, Greek bank deposits have been down, causing the international rating agency, Moody's, to call the first couple months of the year a "credit negative" event for Greece. Back in January, the Bank of Greece (BoG)...

Second Review Delay 'Credit Negative' for Greek Banks, Moody's Reports

A delay in concluding a second review of the Greek support program threatens to put at risk the restructuring programs of Greek banks, Moody's Credit Rating said in its Credit Outlook weekly report released on Monday. Moody's said that...