Greece
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Credit Rating

Moody's: Reduction of NPLs 'Credit Positive' for Greek Banks

On Monday Moody's said that a reduction of non-performing loans and of operating spending by Greek banks was a "credit positive" move for banks. In its Moody's Credit Outlook, the credit rating agency said that the four largest Greek banks...

S&P Keeps Greece's Credit Rating at CCC+

Standard & Poor's, one of the three biggest credit rating agencies in the world, revealed on Friday that it has kept Greece's credit rating unchanged. The firm maintained the country's CCC+ rating, this is actually a bump up from Greece's CCC rating...

Standard and Poor's Upgrades Greece's Long Term Rating

Ratings agency Standard and Poor's upgraded Greece's credit rating on Tuesday from CCC- to CCC+. Though CCC+ is still a "junk" rating, Standard and Poor's said that following the agreement reached with international creditors, Greece's chance of exiting the Eurozone by 2018 are less than 50%...

Fitch Downgrades Greece Further to 'CC'

Fitch Ratings has downgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to 'CC' from 'CCC'. The issue ratings on Greece's senior unsecured foreign and local currency bonds have also been downgraded by one...

'Restricted Default' for Greek Banks: Fitch Ratings

Fitch Ratings downgraded Greek banks to "restricted default" Monday, a day after the Greek government imposed capital controls that include limits on deposit withdrawals and closed Greek banks for a week. Here's the full release by Fitch Ratings: Fitch Ratings-Barcelona/London-29 June...

S&P Downgrades Greece to Junk; Outlook 'Negative'

Standard & Poor's Ratings Services lowered its long- and short-term sovereign credit ratings on Greece to 'CCC+/C' from 'B-/B'. At the same time, Standard & Poor's removed these ratings from CreditWatch, where it had placed them with negative implications...