Tag: Fitch Ratings

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Fitch Affirms Greece’s ‘BBB-‘ Rating; Stable Outlook Maintained

Fitch Ratings has affirmed Greece’s sovereign credit rating at ‘BBB-‘ with a stable outlook, solidifying the country’s investment-grade status. While high public debt and a wide current account deficit remain challenges, Fitch cited Greece’s income per capita, governance indicators, and EU/Eurozone membership as supporting factors. Scope Ratings and Moody’s will issue their assessments later this year and early next year, respectively

Fitch

Fitch Upgrades Greek Banks

The upgrades mainly reflect Fitch’s improved assessment of Greece’s operating environment (OE) to ‘bb+’. We expect the Greek economy to continue to outperform the eurozone average. Paired with falling unemployment and the deployment of the country’s Recovery and Resilience Fund, this should support banks’ ability to capture profitable business opportunities,” the credit ratings agency said.

Moody's credit rating agency.

Moody’s Remains the Sole Major Rating Agency to Keep Greece Below Investment Grade

Moody’s is the only major rating agency that continues to rate Greece below investment grade, reflecting ongoing concerns about the country’s financial stability. This article explores the implications of Moody’s assessment and the potential impact on Greece’s borrowing costs and investor sentiment. The tags used include Moody’s, credit rating, Greece, investment grade, financial crisis, European Central Bank, S&P, Fitch Ratings, DBRS Morningstar, and Scope Ratings.