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Standard & Poor's

S&P Downgrades Greek Banks

Standard & Poor’s has lowered its rating of Greece’s four largest banks. The Friday move came two days afterthe rating agency’s cutting its already deep-junk rating for Greek bonds. Alpha Bank, Eurobank, the National Bank of Greece and Piraeus Bank...

S&P: Bond Investors Positive Over Greek Agreement

Bond investors in Europe "are more confident than not" that an agreement will be reached between Greece and its creditors to avoid a default, S&P Dow Jones Indices said in a report on the bond market. The report, published by Financial...

S&P Downgrades Greece to Junk; Outlook 'Negative'

Standard & Poor's Ratings Services lowered its long- and short-term sovereign credit ratings on Greece to 'CCC+/C' from 'B-/B'. At the same time, Standard & Poor's removed these ratings from CreditWatch, where it had placed them with negative implications...

S&P: Foreign Banks Wouldn't be Much Affected by a Grexit

A potential Grexit probably wouldn’t be a major deal for foreign banks, ratings agency Standard & Poor’s said on Tuesday, adding that it doesn't plan to downgrade their ratings. "Given the relatively limited scale of banks’ exposures to Greece, we do not...

S&P: Policy Uncertainty in Greece will Downgrade Credit Rating

The Standard & Poor's rating agency has put Greece on credit watch, citing the possibility that the policies of the country's new government might trigger a future credit rating downgrade. "The CreditWatch placement reflects our view that some of the economic and budgetary...

S&P Upgrades Greece

Standard & Poor's ratings agency upgraded Greece's debt rating, thanks to the country's progress in its fiscal reform efforts and its potential return to economic development. S&P placed Greece at B from B-minus, while they announced on Friday that the outlook for the rating...

Samaras N.Y. Meeting With Dimon Opened Bond Market Door

Greece's successful, if cautious, return to the bond markets this month was the result of a secret, carefully-crafted meeting Prime Minister Antonis Samaras had in New York with investors, brokered by noted Greek-American financier Jamie Dimon, Chief Executive of...

Greece Readies First Bond Since 2010

Just a couple of days after Finance Minister Yannis Stournaras said the government wasn't ready to issue its first long-term bond in four years, Greece is ready to do so on April 10, a day before German Chancellor Angela...

S&P Raises PPC's Rating to 'B'

Standard & Poor’s on Friday raised the credit rating of Greece 's Public Power Corporation to B from CCC, PPC said in a statement. The country’s electricity utility stressed that this significant upgrading was the justification of efforts made by...

S&P Affirms Greece Ratings

Greece ’s credit rating was maintained at six steps below investment grade by Standard & Poor’s, which said the country’s debt remains large even as its government’s fiscal performance improves. The country’s long-term local currency debt was kept at B-,...