The Fitch ratings agency on Friday upgraded Greece’s sovereign debt grade, citing budget surpluses, greater political stability and the growing economy. The agency raised the debt rating one notch to ‘B’ from ‘B-,’ leaving the country in the “highly speculative” category but with a positive outlook. The decision followed a …
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S&P upgrades Greece by one notch from “B-” to “B”
S&P Global Ratings on Friday raised Greece’s foreign and local currency long-term sovereign credit ratings to ‘B’ from ‘B-‘, citing improvements in the finances and fiscal outlook for the debt-laden south-eastern European nation. “Our ratings on Greece are supported by the unusually low cost of servicing much of its general …
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Fitch upgrades Greece to “B” from “CCC” with “positive” outlook
Fitch Ratings upgraded on Friday Greece’s Long-Term Foreign-Currency Issuer Default Ratings (IDR) to “B-” from “CCC”, with a “positive” outlook,based on its view that the country’s third adjustment program review will be completed without creating instability and that the Eurogroup will grant debt relief in 2018. The full rating report …
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S&P Raises Outlook On Greece Ahead Of Bond Sale, Keeps B- Rating
Consider it a kiss to the bond investors who are expected to oversubscribe the upcoming latest “triumphal” Greek return to the bond markets, as soon as next week. Moments ago, rather unexpectedly, S&P raised its outlook on Greece from Stable to Positive, but reaffirmed the Greek rating at B-. The …
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Campaigner for Parthenon Marbles, Eddie O’Hara, passed away
The leader of the British campaign to return the Parthenon Marbles to Greece, Eddie O’Hara, passed way at the age of 78. He became chairman of the British Committee for the Reunification of the Parthenon Marbles (BCRPM) in 2010. The BCRPM formed in 1983, supports Greek demands for the London …
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Surprise! Standard&Poor’s upgrades Greece by one notch to B-
Standard and Poor’s ratings agency has upgraded Greece’s credit rating by one notch to B- saying the country seems to be broadly complying with the terms of its latest international bailout. Nevertheless, the financially troubled country’s rating remains well within the junk, or non-investment-grade, territory. S&P said Friday that Greece’s …
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Standard & Poors downgrades Greece credit rating to B-
Standard & Poor’s downgraded Greece’s credit rating one notch on Friday and warned of a narrowing window for the government to agree on a new financing program with creditors. S&P downgraded Greece to “B-” from “B,” with a negative outlook. “The downgrade reflects our view that the liquidity constraints weighing …
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S&P Christmas Bonus to Greece: Upgrades to “B-” from “Selective Default”
Greece had its credit rating raised by Standard & Poor’s after a debt buyback as the ratings company cited the “strong determination” of euro-area governments to keep the nation in the currency zone. The grade was lifted from selective default to B- with a stable outlook, S&P said in a …
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