Greece

Moody's

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...

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...

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...

Bad News for Banks: Greece May Not Pay Them

As Greece daily steps closer to defaulting on its loans, Finance Minister Evangelos Venizelos has[...]

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...