Moody's
Economy
Moody's Lowers Greek Rating on Fears of Euro Exit
Moody's rating agency said it was lowering Greece's highest possible credit rating because there was an increased risk that the country would exit the euro zone. Moody's said it "has lowered its assessment of the highest rating that can be...
Economy
Fitch's Downgrades Greece to "Restricted Default" After Bond Swap
ATHENS – The deal in which Greece forced investors to take 74 percent losses so that the country could write down $134 billion in debt came with a price: being declared unsafe for creditors. The Fitch ratings agency downgraded...
Economy
Moody's Cuts Greek Debt Rating To C From Ca
Moody's Investors Service on Friday has downgraded Greece's local- and foreign-currency bond ratings to C from Ca and has not assigned an outlook to the ratings citing recently announced debt exchange proposals.
Greece is facing this latest round of downgrade...
Economy
Despite New Bailout, Sacrifice, Greece Still on Edge of Default
ATHENS – While many political leaders in Greece expressed satisfaction with a new bailout from international lenders – this one for $170 billion needed to pay debts, workers and pensioners – dissension and doubt remained and the ratings agency...
Economy
Greek Stocks End At Fresh 19-Year Low
The General Index of Athens Stock Exchange ended at a 19-year low on Monday, losing the level of 700 units.
The Greek market continues to slide with low turnover and without resistance, as the negative climate internationally has deteriorated after...
Economy
Moody's Reviews Greek Covered Bonds For Possible Downgrade
Moody's Investors Service said Friday it is reviewing four classes of Greek covered bonds for possible downgrade, citing recent events it says have heightened the country's risk of a disorderly default.
Greece narrowly avoided holding a referendum on a restructuring...
Cyprus
Moody's Downgrades Cyprus by Two Notches to Baa3
Rating agency Moody`s has downgraded Cyprus government bond ratings to Baa3 from Baa1, placing the ratings on review for further possible downgrade.
The rating agency has also downgraded Cyprus`s short-term rating to Prime-3 from Prime-2 and placed it on review...
Economy
Bad News for Banks: Greece May Not Pay Them
As Greece daily steps closer to defaulting on its loans, Finance Minister Evangelos Venizelos has[...]
Economy
Moody's Downgrades 8 Greek Banks
Moody's on Friday downgraded the ratings of eight Greek banks by two notches each citing a struggling domestic economy and declining deposits among reasons for the move, which was expected by markets.
The agency cut National Bank of Greece SA...