By Tasos Dasopoulos Another “surprise” upgrade of the country’s credit, one notch below the minimum investment grade, is expected on Friday, July 8, by the third largest rating agency, the US Fitch. The information reaching Athens in the last few days wants the third largest rating agency to do on Friday what it did not […]
Tag: Fitch
Fitch at Capital.gr: The 4 conditions for upgrading Greece
By Leonidas Stergiou The current crisis is burdening the ratings of all European countries. The difference lies in the ability of a state to make the right adjustment to the fiscal mix to support growth. The interaction between growth and fiscal policy is key to Fitch’s assessments, says Michele Napolitano, head of assessments for Europe. […]
Fitch: Expects the ECB’s new program to include bond purchases
The European Central Bank’s new program to combat fragmentation can reduce the risk of large fluctuations in borrowing costs, negatively affecting the debt dynamics in the Eurozone countries, especially for the most indebted countries, Fitch Ratings reports in an analysis of. The ECB’s program is expected to support the creditworthiness of these countries, Fitch said, […]
Fitch: Intervention in the Greek energy market increases the financial risks for PPC
The forthcoming new legislative developments in Greece in the coming weeks could have an impact on the producers and suppliers of electricity in the country, if they are not balanced with compensatory measures, reports Fitch Ratings. In particular, as the report of the house points out, a series of new policy initiatives in order to […]
Fitch: The sale of Ellactor’s RES improves the visibility of the repayment of the bond of 670 million.
The sale of 75% of Ellactor’s renewable energy activity to Motor Oil will improve the repayment visibility of the listed company, Fitch Ratings said in a report, noting that it would allow the company to repay a € 670 million bond at or before from its expiration in December 2024, despite the risk that they […]
Fitch: The energy shock limits the margins for reducing Greece’s budget deficit
Her Eleftherias Kourtali Lower growth prospects and government intervention to alleviate the energy crisis mean a more modest reduction in Greece’s 2022 budget deficit than previously forecast, Fitch Ratings notes. However, the house still expects a reduction in public debt over the next two years. Greek GDP grew by 8.3% in 2021, at the same […]
Fitch: Decreased Eurozone growth by 20% in 2022 due to war – At -0.57% the blow to Greek GDP
The weaker outlook for eurozone GDP growth will slow, but will not reverse, the bloc’s fiscal recovery following the pandemic shock, according to the latest Fitch estimate. According to the statement, the US House continues to forecast smaller deficits in almost all eurozone member states in 2022, partly due to last year ‘s overperformance, but […]
Fitch: Withdraws ratings for Russian economy
Fitch announced on Friday that it was withdrawing its ratings for the Russian economy to comply with European Union sanctions, with the house downgrading the country’s credit rating earlier this month. Sanctions against Russia for its invasion of Ukraine have targeted several Russian banks and businesses, paralyzing the country’s economy and causing the Russian ruble […]
Houses: It is possible to recover an investment grade in 2023
From left: Panel coordinator Vassilis Kostoulas and Pau Labro Vila, Marco Troiano and Andrea Costanzo Greek debt is very mature and much of it is at fixed interest rates, so even if there is some volatility in the markets in the short term, due to the Ukrainian crisis, the impact on public finances and the […]
Fitch raises oil price estimate by $ 30
Fitch has steadily raised its oil price estimates in the medium term, on the basis of the new environment of increased risks created by the Russian invasion of Ukraine. In particular, Fitch now places the Brent price in 2022 at $ 100 the $ 70 a barrel previously projected for 2023 estimates that it will […]
