Fitch Ratings
Economy
Fitch Ratings Upgrades Greece to Investment Grade
Fitch Ratings has upgraded Greece's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BBB-' from 'BB+'.
Characterized by Greek finance experts as the strictest and most robust rating agency, Fitch rewards the Greek economy's effort by giving the country a vote...
Cyprus
Fitch Upgrades Cyprus's Long-Term Foreign-Currency IDR to BB+ with a Positive Outlook
Fitch Ratings has upgraded Cyprus's Long-Term Foreign-Currency Issuer Default Rating (IDR) to BB+ from BB with a positive outlook. The rating is just one step before the investment scale.
Fitch said that future developments that may, individually or collectively, lead...
Economy
Greek Bond Yield Falls After Fitch Upgrade
The yield on Greek government bonds fell to 3.25%, close to the lowest level since 2009, following an upgrade by Fitch Ratings.
The yield of the 10-year bond fell 5 basis points to 5.58% at the beginning of the tender...
Economy
Fitch: Greece’s Preliminary Deal With Creditors Is Positive Step for Unlocking Aid
The preliminary agreement between Greece and its international creditors is a positive step towards unlocking funds that will enable the country to meet its July debt maturities, Fitch Ratings said in a press release on Thursday. It is also...
Economy
Fitch: Greece's Program Review Will be Completed Well Ahead of July
The second review of Greece's third bailout program will be completed well ahead of July, maintaining access to official funding, Fitch Ratings said in a press release on Monday, adding that the recurrent tensions between the country and its...
Economy
Fitch: Capital Controls Could Ease in Greece From Late 2016
Capital controls could be gradually relaxed from late 2016 if the political landscape remains stable and Greece continues to implement the reforms envisaged in its economic adjustment program, Fitch Ratings said in a press release on Wednesday.
The agency added...
Economy
Fitch Ratings Affirms Greece at 'CCC' Rating
Greece has been assessed as having CCC's Issuer Default Ratings for its long-term foreign and local currency, Fitch Ratings in London announced in a release.
Fitch explained that Greece's financial assistance program with the European Stability Mechanism of up to...
Cyprus
Fitch Upgrades Cyprus to B+
Fitch Ratings upgraded on Friday Cyprus` long term foreign and local currency issuer default ratings (IDRs) to `B+` up from `B-` with a positive outlook. The international rating agency says in a press release that the issue ratings on Cyprus`...
Greece
Fitch: Greek Depositors will Likely Avoid Haircut
Greek depositors will possibly avoid a haircut when Greece will have to implement the Bank Recovery and Resolution Directive (BRRD), Fitch Ratings said in a report on Wednesday, warning however that this will only happen if the directive is...
Economy
Fitch Upgrades Greece to 'CCC'
Fitch Ratings has upgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to "CCC" from "CC."
The issue ratings on Greece's senior unsecured foreign and local currency bonds have also been upgraded to "CCC" from...