S&P Delays Greek Economy’s Credit Review, Keeps Rating at BBB-
Moody’s took a “stricter” stance compared to the other agencies when in Sept. of 2023 it refused to grant Greece the investment grade
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S&P Delays Greek Economy’s Credit Review, Keeps Rating at BBB- -
Moody’s Retains Ba1 Rating For Greece; Outlook Positive
Moody’s Retains Ba1 Rating For Greece; Outlook Positive
Moody’s is the last of the major credit rating firms not to have upgraded the Greek economy to 'investment grade', retaining the Ba1 rating - a notch below
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Moody’s upgrades National Bank, Piraeus Bank deposit ratings
Moody's upgrades National Bank, Piraeus Bank deposit ratings
The BCA upgrade reflects the bank's improving solvency and the strongest funding and deposit franchise among local peers, the ratings agency said.
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S&P upgrades rating of five Greek banks
S&P upgrades rating of five Greek banks
S&P upgraded the long-term credit rating of National to BB+ from BB, keeping the short-term credit rating at B and the outlook positive. The upgrade reflects the bank’s improved financial and financial outlook, which has reduced its nonperforming exposure (NPE) ratio to 3.7%, with provision coverage reaching a high of 85%. S&P estimates that the NPE ratio will further decline to below 3% by end-2025, so the cost of risk is forecast to decline to close to 50 basis points by the end of 2026 from 95 bp at the end of 2023.
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New Democracy continues to command voters ahead of EU elections
New Democracy continues to command voters ahead of EU elections
New Democracy is polling around 33 percent, a figure that echoes its 2019 European election results. Syriza, according to the polls, trails behind at 16.2 percent, followed by the socialist PASOK party at 13.2 percent.
