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Fitch and Moody’s upgrade Greek banks

September 20, 2023 Economy Comments Off on Fitch and Moody’s upgrade Greek banks

Fitch Ratings on Tuesday upgraded Greece’s four systemic banks ratings, following a recent round of upgrades of Greece’s credit rating. Fitch Ratings upgraded Eurobank SA’s Long-Term Issuer Default Ratings (IDRs) to ‘BB’ from ‘BB-‘, and Viability Ratings (VRs) to ‘bb’ from ‘bb-‘. The outlooks on the Long-Term IDRs are Stable. …

Fitch issues rating warning for Greece

August 28, 2022 Economy Comments Off on Fitch issues rating warning for Greece

A protracted energy crisis, and the resulting need for price support, could stretch Greece’s finances to the point that its debt might have to be downgraded, credit ratings agency Fitch warns. The government has made achieving an investment-grade rating in the first half of 2023 – for the first time …

Greek debt sustainable despite pandemic, says Fitch

April 12, 2021 Economy 2

Greece’s debt stock will remain very high for a long time, but debt sustainability is underpinned by several mitigating factors, Fitch Ratings said in a new report on Monday. Greece’s general government debt to GDP rose to 207% of GDP at end-2020 from 181% in 2019 as a result of …

Fitch upgrades Greece’s credit rating to “BB” from “BB-“

January 25, 2020 Economy Comments Off on Fitch upgrades Greece’s credit rating to “BB” from “BB-“

Fitch ratings agency on Friday upgraded Greece’s credit rating to ‘BB’ from ‘BB-‘, saying that GDP growth and fiscal prudence were leading to government debt remaining at sustainable levels. The upgrade puts the Balkan country two notches below investment grade. The ratings agency also upgraded its outlook to “positive” from …

Fitch upgrades long-term Issue Default Ratings despite pressure on Greek banks

October 8, 2018 Economy Comments Off on Fitch upgrades long-term Issue Default Ratings despite pressure on Greek banks

Fitch ratings agency upgraded the long-term issuer default issuer ratings for the four systemic banks of Greece despite the fact that they have come under strong pressure since last week. At the same time, a unit of the Fitch group warns of the risks if the Greek government implements an …

Fitch upgrades Greece to “BB-” from “B” with “stable outlook”

August 11, 2018 Economy Comments Off on Fitch upgrades Greece to “BB-” from “B” with “stable outlook”

Global rating agency Fitch Ratings upgraded the long-term foreign currency issuer default rating on Greece to ‘BB-‘ from ‘B’. The outlook on Greece is stable, Fitch said on Friday. Greece’s banking sector is getting better, Fitch noted, adding that the country’s relationship with its European creditors has “substantially improved”. The …

Fitch raises Greece’s debt rating to “B”, citing stability, growth

February 17, 2018 Economy Comments Off on Fitch raises Greece’s debt rating to “B”, citing stability, growth

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 …

Fitch upgrades mortgage-covered bond programmes of 3 Greek banks

August 28, 2017 Economy Comments Off on Fitch upgrades mortgage-covered bond programmes of 3 Greek banks

Fitch Ratings announced an upgrade of four Greek mortgage-covered bonds programmes issued by Alpha Bank, National Bank of Greece and Piraeus Bank to ‘B’ from ‘B-‘, as follows: – Alpha’s covered bonds upgraded to ‘B’ from ‘B-‘; Stable Outlook – NBG’s covered bonds Programme I (NBG I) upgraded to ‘B’ …

Fitch upgrades Greece to “B” from “CCC” with “positive” outlook

August 19, 2017 Economy Comments Off on 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 …

Fitch: Greece’s 4 systemic banks would default if Capital Controls are lifted

June 22, 2016 Economy 6

Man! One day after the President of Greek Banks Association, Louka Katseli, said that Capital controls would be lifted by end of the year, there comes Fitch-ratings agency and warns that Greek systemic banks would default if the deposit restrictions are lifted. Fitch Ratings affirmed the Long-Term Issuer Default Ratings …

Fitch revised Greece’s outlook to negative, due to Syriza?

January 17, 2015 Economy Comments Off on Fitch revised Greece’s outlook to negative, due to Syriza?

Huh? I was told that Greece’s economy was recovering. Everybody has been saying that: the Greek coalition government, our Troika lenders, our EU partners, even our German ones. Apparently Greece’s recovery has been very fragile, a “giant” on shaking feet, a card-house built on sand that would be a risk …

Fitch upgrades Greece, warns of “political instability” if snap elections

May 23, 2014 Economy, Politics Comments Off on Fitch upgrades Greece, warns of “political instability” if snap elections

Fitch Ratings increased Greece’s credit rating one level confirming PM Antonis Samaras’ elections slogan that the economy is improving. And still in line with Samaras and his coalition partner Venizelos, Fitch warns of “political instability” should early elections take place. “Greece’s long-term debt was raised to B, five levels below …

Fitch, Moody’s Threaten Euro Zone with “Collective Downgrade”, Should Greece…

June 9, 2012 Economy 5

Rating agencies Fitch and Moody’s threaten to collectively downgrade the Euro Zone, should Greece exit the common currency club. I wonder: did Greeks get supporters against Germany’s pressures? Is it a good or a bad sign? But, of course, the question about the power potential of ratings agencies remain… Moody’s: …

Fitch Downgrades Greece and Tells Greeks to vote Pro-Bailout Parties

May 17, 2012 Economy 3

The world does not cease to amaze me. Ratings agency Fitch downgraded Greece not due to its huge debts but due to … its voters. Fitch warned that should the June elections produce an anti-bailout government, an exit from the euro is possible, and therefore the agency would consider it as a default …

This News is Not a Joke! “Fitch Upgrades Greece at Six Notches”

March 13, 2012 Economy 1

That’s not a joke! Ratings agency Fitch upgraded Greece on Tuesday to a “B-” rating with a stable outlook from restricted default over its bond swap that wiped some 100 billion euros ($131 billion) off its debt. Are things going indeed better, after the PSI? Because I hear, some friends have not …