Moody's

The 2024 budget tabled in Parliament on Monday shows that Greece's economy is projected to grow at a faster pace next year, rising by 3.0 percent compared to a 2.3 percent expansion this year. According to the draft budget, Greece...

Greek systemic banks earned credit upgrades from credit agencies Fitch and Moody's on Tuesday following a recent round of upgrades of Greece's credit rating. Fitch Ratings upgraded Eurobank SA's Long-Term Issuer Default Ratings (IDRs) to 'BB' from 'BB-', and Viability...

Late Friday, the ratings firm Moody's gave Greece's economy a significant vote of confidence by raising the country's credit rating by two notches. Moody's said it was upgrading Greece's rating from Ba3 to Ba1, with a stable outlook. It stopped...

The prospects for the Greek economy have been lauded by two separate reports from  Moody's and Goldman Sachs. Moody's estimates that the general government debt will be falling below 150% of GDP in 2025 from 171.3% in 2022, thanks to...

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...

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...

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...

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 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...

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...