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Moody's

Moody’s Upgrades the Four Largest Greek Banks

The credit agency Moody's upgraded on Monday the long-term deposit ratings of the four biggest Greek banks, and said that the outlook for all of them is positive. The upgrade, "driven by their improving asset quality and solvency and good...

Greece Receives Boosted Credit Rating from Moody's

Moody's, the bond credit rating agency, upgraded Greece's credit rating on Friday, giving the country's market a boost amidst the Covid-19 pandemic. The country's rating went from a B1 to a B3, signaling the possibility of economic recovery in the...

Moody's Report Says Greece Can Weather 2020 Tourism Slump

The well-respected credit rating and investor service Moody's issued a new report on Monday stating that most European countries, including Greece, can weather a prolonged tourism slump. This comes as very welcome news in a year which has seen precipitous...

Moody's Upgrades Greece's Rating by Two Notches

Rating agency Moody's announced on Friday it has upgraded Greece's sovereign credit rating by two notches from "B3" to "B1" with a stable outlook. In a statement, Moody's explained that its upgrade reflected the strengthening of Greece's economy thanks to...

Greece's Credit Rating Remains Positive, Reform Agenda Must be Followed, Moody's says

Greece's credit rating remains stable at B3, but the reform agenda must be followed, the new Moody's analysis says. The international rating agency pointed out that Greece's prospects will remain positive as long as the government is committed to the...

Moody's Warns Greece to Avoid Becoming a Modern Day Sisyphus

In a post mortem of the era of bailouts, ratings agency Moody's highlights the catastrophic impact of the eight years of austerity on the Greek economy and warns economic and political risks could derail the return to normality. “Risks abound...

Debt Package is 'Credit Positive' for Greece, Says Moody's

A debt relief package offered to Greece by its creditors last week is a significant benchmark in Greece’s ongoing recovery from its deep government debt, economic and banking crisis, Moody's said on Monday. In a report, the credit rating agency...

Greek Banks Get Positive Stress Test Results from Moody's

The results of a stress test round for the four Greek systemic banks -- Alpha Bank, Eurobank, National Bank and Piraeus Bank -- are "credit positive" and showed the resilience of their supervisory capital, Moody's said in its Credit...

Erdogan Angry at Moody's Credit Rating on Turkey, Slams Greece

President Recep Tayyip Erdogan lashed out at Moody's for downgrading Turkey's credit rating from Ba1 to Ba2 and accused the investors service for showing preferential treatment to Greece. The Turkish president accused Moody's for double standards and used his country's...

Moody’s Cuts Turkey Rating Amid Increased Risk

Turkey saw a cut in its long-term issuer and unsecured debt ratings on Thursday, and a reduction in its rating outlook from 'stable' to 'negative'. Credit rating agency Moody's said the fall from Ba1 to Ba2 was due to a...