outlook Archives - Keep Talking Greece

IMF: Greece will be the worst hit economy in Europe with 10% recession

April 15, 2020 Economy 1

The International Monetary Fund forecasts a nightmarish deep recession for Greece in 2020, as a result of the coronavirus pandemic. The IMF expects the Greek economy to shrink by 10% of the GDP and unemployment to jump to 22.3% In its World Economic Outlook “The Great Lockdown: Worst Economic Downturn …

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

June 4, 2019 Economy Comments Off on 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 …

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

February 22, 2018 Uncategorized 1

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 …

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 …

S&P Raises Outlook On Greece Ahead Of Bond Sale, Keeps B- Rating

July 21, 2017 Economy Comments Off on 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 …

Moody’s raises Greece’s bond and outlook ratings as economy stabilizes

June 25, 2017 Economy 2

The spectrum of short-term Greek crisis has been apparently averted. Credit ratings agency Moody`s on Friday raised Greece`s long-term issuer rating to “Caa2” from “Caa3” after euro zone governments extended a credit lifeline to the country. Moody`s also changed its outlook to “positive”, up from “stable” previously, saying it saw …

Parliamentary Budget Office: Tax hikes “snip” Growth, private arrears almost equal to public debt

October 31, 2016 Economy 7

The report of the Parliament Budget Office is anything but optimistic. The analysts note among others that Greece pays for the bad choices made in the first half of 2015 and that now the country is under strictest supervision and financial control by the lenders than in the loan agreements …

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 …

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

August 8, 2012 Economy Comments Off on 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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