Greece

Moody's

Moody's Upgrades Greek Banks' Senior Unsecured Debt Rating

Moody's Investors Service has today upgraded to Ca from C the long-term senior debt ratings of Greece’s four systemic banks -- Alpha Bank AE, Eurobank Ergasias S.A., National Bank of Greece S.A., and Piraeus Bank S.A. At the same...

Moody's: Greek PM Tsipras' Resignation 'Credit Positive'

"Last Thursday, Greece's (Caa3 review for downgrade) Prime Minister Alexis Tsipras stepped down as head of government and called for snap elections. The Prime Minister’s resignation is credit positive for the sovereign because it offers the possibility of a new, more...

Moody's: Greece Remains Eurozone's Biggest Threat

Despite the fact that the tension between Greece and its creditors has smoothed out, the country still poses a threat to the Eurozone, said Moody's. Now that European Union officials state that the danger of a Grexit is almost eliminated, political...

Moody's: Uninsured Depositors Compromised by Greece's New Legislation

Ratings agency Moody’s said on Monday that uninsured depositors in Greek banks are in danger of losing some of their money in case of a bank’s insolvency. Moody’s noted that the changes in the EU Bank Recovery and Resolution Directive, which was legislated in...

Moody's Downgrades Greece Bonds to Junk

Moody's Investors Service has today downgraded Greece's government bond rating to Caa3 from Caa2 and placed the rating on review for further downgrade. "The short-term rating is unaffected by this rating action and remains Not Prime (NP)," the agency said....

Moody's and JP Morgan Talk About Capital Controls Due to Large Outflows

Moody's and JP Morgan warned that the continuing outflow of deposits from Greek banks has significantly increased the risk of Greek authorities imposing capital controls to limit them. Indeed this would be a credit negative event for Greek banks. According...

Moody's Sees 'High Likelihood' of Capital Controls in Greece

The outlook for the Greek banking system is negative, primarily reflecting the acute deterioration in Greek banks' funding and liquidity, says Moody's Investors Service in a new report published recently. These pressures are unlikely to ease over the next...

Moody's Downgrades Greece's Government Bond; Outlook Negative

Moody's Investors Service has today downgraded Greece's government bond rating to Caa2 from Caa1. The short-term rating is unaffected by this rating action and remains at Not Prime(NP). The outlook on the rating is negative. Moody's government bond rating...

Moody's: Grexit Could have Serious Consequences for Eurozone

Downside risks to the euro area credit outlook still remain, Moody's ratings agency said on Tuesday. The ratings agency noted in a report that while the current confrontation between the new Greek government and its euro area creditors...

Moody's Downgrades Five Greek Banks

Moody’s downgraded five Greek banks on Monday, citing heightened uncertainty regarding the new government's ability to reach an agreement with its creditors before the end of the current support program that expires at the end of February. The ratings agency said...