Greece

Moody's, the bond credit rating agency, upgraded Greece's credit rating on Friday, giving the country's market a boost amidst the Covid-19 pandemic. The country's rating went from a B1 to a B3, signaling the possibility of economic recovery in the...

The well-respected credit rating and investor service Moody's issued a new report on Monday stating that most European countries, including Greece, can weather a prolonged tourism slump. This comes as very welcome news in a year which has seen precipitous...

Greek Finance Minister Christos Staikouras on Tuesday said the yield on a governmental seven-year bond is evidence of Greece's return to economic regularity. A Greek government decision to open a book-building process for a new seven-year bond loan was met...

Investors' bids on a new Greek 10-year bond issue exceeded 11.3 billion euros on Tuesday, with the interest rate of the issue set at 3.9 percent, according to sources quoted by the Athens News Agency. Earlier in the day, Greek...

Greece officially launched procedures to issue new 10-year state bonds on Monday by appointing BNP Paribas, Citi, Credit Suisse, Goldman Sachs and J.P. Morgan as underwriters of the syndicated loan. The Public Debt Management Agency said that the bond issue...

Rating agency Moody's announced on Friday it has upgraded Greece's sovereign credit rating by two notches from "B3" to "B1" with a stable outlook. In a statement, Moody's explained that its upgrade reflected the strengthening of Greece's economy thanks to...

Greece's credit rating remains stable at B3, but the reform agenda must be followed, the new Moody's analysis says. The international rating agency pointed out that Greece's prospects will remain positive as long as the government is committed to the...

In a post mortem of the era of bailouts, ratings agency Moody's highlights the catastrophic impact of the eight years of austerity on the Greek economy and warns economic and political risks could derail the return to normality. “Risks abound...

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...

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...

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 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...

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...

Recent very positive developments in the Greek state bond market, signalled by a successful completion of a bond swap programme, combined with a fall in new bond yields and an increase in turnover, are indicative of the speed with...

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...