Greece
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Standard & Poor's

Standard & Poor’s Positive Report for Greece

The Standard & Poor’s rating agency is expected to issue a positive report on Greece's progress by Friday March 21. It is rumored that the report will praise the fiscal consolidation and improvement of competition in the Greek economy....

Erdogan, Avramopoulos Do S & P Tango

Turkish Prime Minister Recep Tayyip Erdogan has criticized the decision by the ratings agency Standard & Poor's to upgrade Greece's standing, taking it out of the territory of possible default and up to a B- standing. Erdogan said the...

Standard & Poor’s Upgrades Greek Credit Rating

Greece had its credit rating raised by Standard & Poor’s after a debt buyback as the ratings company cited the “strong determination” of euro-area governments to keep the nation in the currency zone. The grade was lifted from selective default...

Greece Downgraded to 'Selective Default' by S&P

Standard & Poor's on Wednesday cut Greece's sovereign long-term foreign currency credit rating to "selective default" from an already low "CCC" rating. Last week Greece and its international lenders reached a deal to lower the country's debt burden, which included...

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...

New Greek Bonds Rated "CCC"

Standard & Poor's rated new Greek bonds on Thursday issued under its bond swap at "CCC", or still vulnerable to default, and indicated it would likely assign the same rating for the country. After the swap is completed "we will...

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...

Eurozone Chief Wants EU Oversight of Greece

ATHENS – While Greece has passed more austerity measures to give guarantees for a second bailout of $172 billion to keep the country from defaulting, mistrust among leaders of the international lenders hasn’t abated, with Eurozone chief Jean-Claude Juncker...

European Central Bank Suspends Use of Greek Bonds as Collateral‎

The European Central Bank said on Tuesday that it would temporarily refuse to accept Greek bonds as collateral, but said national central banks would provide funds to any banks in need. The ECB said in a statement that Greek bonds...

S&P Downgrades Greek Debt to 'Selective Default'

Ratings firm Standard & Poor's on Monday declared Greece in "selective default" after banks agreed to write off more than half of their Greek debt holdings in a second EU bailout of the country. The rating was lowered from S&P's...