Calamos Supports Greece

Moody's

FOCUS: Greek State No Longer Afraid of Troika

According to the German magazine “Focus,” Greece has a negotiation advantage over its creditors this time. In the related article, Robert Halver, an analyst of Baader Bank, estimates that “the next loan installment to Greece will surely be approved...

Moody's Takes Positive Rating Actions on Five Greek Banks

Moody's Investors Service has today upgraded the long-term deposit and senior debt ratings of Piraeus Bank SA, National Bank of Greece SA and Alpha Bank AE by one notch to Caa1 (stable outlook) from Caa2 (negative outlook) and increased...

Moody’s Upgrades Greek Credit Rating

Moody's Investors Service has today upgraded Greece's government bond rating to Caa3 from C. The outlook on the rating is now stable. The short term ratings remain Not Prime (NP). The upgrade reflects the combination of the following key drivers: 1.The...

Stournaras Readies For Troika Talks

Greek Finance Minister Yannis Stournaras, who said all will be well with the economy beginning next year, will begin a new round of critical talks with the country's international lenders beginning Sept. 22, meeting the top envoys from the...

Cyprus Loan Revision From Russia In Limbo

A Cypriot plan to confiscate up to 9.9 percent of depositor savings, which could hit Russian investors who hold about 30 percent of 68 billion euros ($88 billion) in banks on the island may have put in jeopardy the...

Moody's Says Greek Default Still Possible

While Prime Minister Antonis Samaras said Greece has escaped the prospect of leaving the Eurozone, a default remains possible, according to Moody’s, with the international rating agency expecting the country’s economy to contract by 5 percent this year –...

Citibank Sees Greece Euro Exit by 2014

Citibank reports that Greece will leave the Eurozone  by 2014. Citbank examined the reports of international financial institutions in a number of countries and said that it is now looks inevitable that Greece can not stay in the bloc...

Greek Banks Seek Solution For Consumer Debt

Greek banks that have billions of outstanding government loans that are at risk of default should the EU-IMF-ECB Troika not issue another bailout are becoming more aggressive in collecting consumer debt. Banks are negotiating terms with numerous borrowers – and...

Moody's Cuts Cyprus' Rating Two Notches

Moody's has cut the credit rating of Cyprus by two notches, citing the nation's close links to Greece and the rising likelihood that Athens will exit the euro zone. Moody's Investors Service on Wednesday downgraded Cyprus's government bond ratings to...

Moody's: Greek Eurozone Exit Could Kill the Euro

ATHENS - Joining a growing chorus of critics who say that a Greek exit from the Eurozone would be a disaster for the country, Moody’s Investors Service warned that it could also threaten the existence of the euro, a...