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IMF outlook for Greece: Praises and recommendations

Greece’s economic outlook has improved notably with real GDP expanding beyond its pre-pandemic trend level, the International Monetary Fund (IMF) said in its staff concluding statement of the 2023 Article IV consultation mission in Athens. Greece’s economy is expected to expand by 2.5% this year due to strong domestic demand, …

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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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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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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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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 …

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Standard & Poor’s Revised Greece’s Outlook to Negative

 Ratings agency Standard & Poor΄s on Tuesday revised Greece΄s outlook to negative, saying the debt-ridden euro zone country could need more help from its international creditors. “Following delays in implementing budgetary consolidation measures and a worsening Greek economy, we believe Greece is likely to require additional financing for 2012 under …

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