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Moody's

Moody's Upgrades Greece by Two Notches to B3

Moody's ratings agency upgraded Greece's rating by two notches late on Wednesday to B3 from Caa2, saying the country will successfully conclude its third adjustment program this summer and return to funding from the markets. The ratings agency said Greece...

Private Deposits Boost Greek Banks

An increase in private deposits in Greek banks in December 2017 is credit positive, Moody's said on Thursday. The credit rating agency, in a credit outlook report, said Greek banks' deposits from the private sector grew by €5.9 billion ($7.3...

Moody's Upgrades Greece's Sovereign Bond Rating to Caa2, Changes Outlook to Positive

Ratings agency Moody's announced on Friday it is raising Greece's credit rating one notch from "Caa3" to "Caa2", citing the successful completion of the second program review, the improved fiscal prospects, as well as tentative signs the economy is...

Moody's Says Agreement With Creditors Paves Way for Greek Debt Relief

An agreement reached between Greece and its creditors raised the possibility of a debt relief in the official sector and it is positive for the country's credit rating, Moody's said in a credit outlook analysis. The credit rating firm said...

2017's Low Deposit Rate Has Brought a 'Credit Negative' Event to Greek Banks, Moody's Says

Since the beginning of 2017, Greek bank deposits have been down, causing the international rating agency, Moody's, to call the first couple months of the year a "credit negative" event for Greece. Back in January, the Bank of Greece (BoG)...

Second Review Delay 'Credit Negative' for Greek Banks, Moody's Reports

A delay in concluding a second review of the Greek support program threatens to put at risk the restructuring programs of Greek banks, Moody's Credit Rating said in its Credit Outlook weekly report released on Monday. Moody's said that...

Moody's Revises Greek Banks' Outlook From Negative to Stable

Moody's Investors Service on Tuesday revised its outlook on Greece's banking system to stable from negative. The stable outlook reflects the rating agency's expectation of funding and profitability improvements for Greek banks balanced against sizeable problem loans and limited...

NBG Sells Off 67.23% Stake in Astir Palace

The sale of National Bank's (NBG) entire 67.23 percent stake in the hotel and property resort of Astir Palace Vouliagmenis SA to Apollo Investment Holdco SARL for approximately 299 million euros is credit positive because it will enhance the...

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...

Moody's: Greece-Creditors Talks Might Extend to July

Moody's rating agency describes the delay of negotiations on the bailout program review between Greece and lenders as "credit negative". It is noteworthy that Moody's sees the risk that bailout review talks might take until July, thereby increasing the risk...