Moody's

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 of funding and profitability improvements for Greek banks balanced against sizeable problem loans and limited...

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 Holdco SARL for approximately 299 million euros is credit positive because it will enhance the...

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 its Moody's Credit Outlook, the credit rating agency said that the four largest Greek banks...

Moody's rating agency describes the delay of negotiations on the bailout program review between Greece and lenders as "credit negative". It is noteworthy that Moody's sees the risk that bailout review talks might take until July, thereby increasing the risk...

Moody's Investors Service has today upgraded to Ca from C the long-term senior debt ratings of Greece’s four systemic banks -- Alpha Bank AE, Eurobank Ergasias S.A., National Bank of Greece S.A., and Piraeus Bank S.A. At the same...

"Last Thursday, Greece's (Caa3 review for downgrade) Prime Minister Alexis Tsipras stepped down as head of government and called for snap elections. The Prime Minister’s resignation is credit positive for the sovereign because it offers the possibility of a new, more...

Despite the fact that the tension between Greece and its creditors has smoothed out, the country still poses a threat to the Eurozone, said Moody's. Now that European Union officials state that the danger of a Grexit is almost eliminated, political...

Ratings agency Moody’s said on Monday that uninsured depositors in Greek banks are in danger of losing some of their money in case of a bank’s insolvency. Moody’s noted that the changes in the EU Bank Recovery and Resolution Directive, which was legislated in...

Moody's Investors Service has today downgraded Greece's government bond rating to Caa3 from Caa2 and placed the rating on review for further downgrade. "The short-term rating is unaffected by this rating action and remains Not Prime (NP)," the agency said....

Moody's and JP Morgan warned that the continuing outflow of deposits from Greek banks has significantly increased the risk of Greek authorities imposing capital controls to limit them. Indeed this would be a credit negative event for Greek banks. According...