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S&P raises Greece’s economic status to investment grade

October 23, 2023 Economy 1

International credit ratings agency Standard & Poor’s Global Ratings (S&P) upgraded Greece’s economic status to investment grade on Friday, October 20, 2023.. S&P raised the country’s local and foreign currency long-term issuer ratings to BBB- from BB+ with a stable outlook. This move was preceded on September 8 by the …

S& P affirms ‘B+/B’ rating, sees Greece’s economy growth at 2.8%

April 27, 2019 Economy Comments Off on S& P affirms ‘B+/B’ rating, sees Greece’s economy growth at 2.8%

Ratings agency Standard & Poor’s has affirmed ‘B+/B’ sovereign credit ratings on Greece and projects an economy grow by 2.8% on average over 2019-2022. Furthermore, the agency said that “Greece has one of the most advantageous debt profiles of all our rated sovereigns in terms of maturity and average interest …

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

July 21, 2018 Economy Comments Off on 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 …

S&P upgrades Greece by one notch from “B-” to “B”

January 20, 2018 Economy Comments Off on 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 …

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 …

Is Greece getting ready to return to the markets next Monday?

July 20, 2017 Economy 2

The Greek government is keen and determined to return to the bond markets for the first time again after a test exit in 2014. For Athens the return to the capital markets is important in order to show that the reforms under the current bailout program are working and that …

S&P upgrades Greece’s four systemic banks

August 3, 2016 Economy Comments Off on 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 …

Surprise! Standard&Poor’s upgrades Greece by one notch to B-

January 23, 2016 Economy Comments Off on 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 …

S&P: Greece’s not payment to ECB would not mean “selective default”

June 15, 2015 Economy 3

No deal, no money. No money, most probably no payment to the IMF. No payment to the International Monetary Fund could result into a “credit event” for Greece. But the debt-ridden country has additional financial obligations to meet in July and August. It has to repay €6.7billion for bonds held …

UPD Tsipras meets Merkel & Hollande, while S&P spoils the fun with Greece’s downgrading

June 10, 2015 Economy 4

The crucial meeting of Greek Prime Minister Alexis Tsipras, German Chancellor Angela Merkel and French President Francois Hollande started at 10:10 pm in Brussels at the margin of the EU – Latin America Leaders Summit. Present at the meeting are also Greek political top negotiators, alternate Foreign Minister Euclid Tsakalotos …

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

December 6, 2012 Economy 1

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 …

S&P Lifts Greece Out of “Default” Status and Warns of Upredictable Voters in Anti-Austerity Mood

May 2, 2012 Economy 7

Finally a good news. Rating agency Standard & Poor’s upgraded Greece’s status. We, Greeks, not anymore on ‘high risk of deault’ although we are warned about our voting behaviour and possible anger against austerity. Then this would throw us into deeper recession and that would not match to S&P desires. Talking …

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

April 13, 2011 Economy Comments Off on 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, …