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Tag Archives: Moody’s

Moody’s: Greece can weather a prolonged tourism slump

Most European sovereigns, including Greece, can weather a prolonged tourism slump, Moody’s said in a statement on Monday. The decline in tourism in the countries of the European South is likely to last beyond 2020, but they can weather a prolonged tourism slump thanks to the adjustment they have made …

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Outlook for Greek banks remains positive, says Moody’s report

The outlook for Greece’s banking system remains positive on expected improvements in banks’ funding and asset risks, Moody’s Investors Service said in a report released on Monday. “Moody’s expects more deposit growth and a gradual fall in problem loans,” said Nondas Nicolaides, VP-Sr Credit Officer at Moody’s. “Banks should remain …

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Moody’s upgrades Greece by 2 notches, opens way for 10-Year bond issue

Rating agency Moody’s announced on Friday it has upgraded Greece’s sovereign credit rating by two notches to “B1” with a stable outlook, from the “B3” rating with a positive outlook it had granted Greece just over a year earlier. Economists expected this upgrade to assist Greece in its next foray …

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Moody’s: Greece’s return to bond market is “credit positive”

Greece’s return to international debt markets in January with a issue worth 2.5 billion euros is credit positive for the junk-rated country, ratings agency Moody’s said on Friday. “It was Greece’s first debt issued outside of a programme after almost a decade of reliance on funding from the EU and …

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Moody’s keeps Greece’s sovereign credit at B3, positive outlook

Ratings agency Moody’s keeps Greece’s sovereign credit rating unchanged at B3, with a positive outlook, in a credit opinion it issued on Wednesday. The international ratings agency noted that Greece’s prospects will remain positive as long as the government sticks to the reform program it has pledged, which illustrates that …

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Markets react positive as Moody’s upgrades Greece’s credit rating by two notches

In a surprise move, ratings agency Moody’s upgraded Greece‘s credit rating to B3 from Caa2, maintaining the positive outlook. Moody’s cited “material fiscal and institutional improvements” under the current adjustment programe, which will be sustained in the coming years. This should support economic recovery and banking sector. Furthermore, Moody’s said …

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Citigroup: Greece probably to leave eurozone next year

Three eurozone nations will have to restructure their government debt next year, and Greece will probably exit the eurozone, Citigroup predicts. Italy, Spain and Greece will need debt restructures next year, Michael Saunders, Citigroup’s chief European economist believes. The same forecast is true of Ireland, Portugal, Cyprus and Slovenia by …

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PSI: Greeks Head to IMF as IIF Complains and Hedge Funds Warn of Default

Petros Chistodoulou and Giorgos Zanias, heads of Greece’s Public Debt Management Agency (PDMA) and the Council of Economic Advisers respectively, are heading to Washington for talks with representatives on the International Monetary Fund on the restructuring programme fo the Greek debt. Negotiations between the Greek government and private creditors on the …

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Moody’s Violently Kicked EU’s Butts Over Portugal

Finally the kings and queens of European Union and relevant royal families like the one in Germany woke up. In fact, they were violently rose from their beds with a painful kick landing at their snobbish butts. They came running down the imperial staircase to the living room. Confirmed reports insist,  it …

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Moody’s downgrades Greece lower than …Egypt

Another brick in Greece’s wall and in the heads of our government in general, and Finance Minister’s in particular. Rating Agency Moody’s downgraded Greece and placed it below … Egypt! Reuters just reported that Moody’s slashed Greece’s credit rating by three notches on Monday due to an increased default risk, raising …

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Moody Moody’s downgrades Greece’s capital, Athens, as well

No, it’s not a joke! It’s bitter serious!  Rating agency Moody’s is very moody recently and downgrades whatever “Greek” crosses its way. So, beware to avoid a Moody and its small Moody’s, should you see one on the streets. Moody Moody’s will downgrade you personally by 3 notches and define …

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Moody’s: Losses of a possible Greece’s Default at 50%

One day after Moody’s downgrade by 3 nothes, Sarah Carlson, analyst at Moody’s Investors Services said that the losses of a possible default will be around 50% for creditors. Speaking to Greek economic portal Capital, Carlson said that “any estimation of losses in the event of a default would be speculative”. …

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Moody’s downgrades Greece on beginning of Lent-What a great sense of humor!

The guys working at the rating agency Moody’s must have an extra ordinary sense of humor. On the Greek Orthodox Holiday “Clean Monday” marking the beginning of the Lent and the fasting before Eastern,  the Moody’s decided to enforce believers or not to go into a strict diet on the perspective of …

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