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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...

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...

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...

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...

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...

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...

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...

2017’s Low Deposit Rate Has Brought a ‘Credit Negative’ Event to Greek Banks, Moody’s...

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...

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...

Moody’s Revises Greek Banks’ Outlook From Negative to Stable

Moody's Investors Service on Tuesday revised its outlook on Greece's banking system to stable from negative. The stable outlook reflects the rating agency's expectation...

NBG Sells Off 67.23% Stake in Astir Palace

The sale of National Bank's (NBG) entire 67.23 percent stake in the hotel and property resort of Astir Palace Vouliagmenis SA to Apollo Investment...

Moody’s: Reduction of NPLs ‘Credit Positive’ for Greek Banks

On Monday Moody's said that a reduction of non-performing loans and of operating spending by Greek banks was a "credit positive" move for banks. In...

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