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Tag Archives: s&p

Standard & Poor’s raises Greece’s outlook to “positive”

Global ratings agency Standard & Poor’s said on Friday it raised its outlook on Greece to positive from stable while affirming its B-plus/B ratings. The outlook reflects a potential upgrade if Greek authorities were to boost competition in product markets, strengthen property rights, ease bankruptcy procedures and improve the enforcement …

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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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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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S&P upgrades Greece’s four systemic banks

Ratings agency Standard and Poor’s upgraded Alpha Bank, Eurobank Ergasias, National Bank of Greece and Piraeus Bank to CCC+ from SD (selective default), with a stable outlook. The upgrade came after a further relaxation of capital controls in Greece from the beginning of the month, daily Kathimerini reported. “We view …

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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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S&P downgrades Greece from CCC to “Selective Default”

Standard & Poor’s on Wednesday cut Greece’s sovereign long-term foreign currency credit rating to “selective default” from an already low “C” rating. Last week Greece and its international lenders reached a deal to lower the country’s debt burden, which included a debt buyback (Reuters)       Fainting Couch What is Selective …

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S&P: 1-in-3 Boring Chances for Greece’s Boring Debt Restructuring – YAWN!

The whole issue of Greece’s Debt Restructureis getting incredible boring. Day in, day out there is also somebody somewhere saying something on the issue with one single purpose: to let spreads go up and down and make money. As my stakes portofolio is modest and I don’t participate in such speculative actions, …

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