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Tag: Moody’s

Moody’s: Further downgrade to junk for Turkish economy due to balance of payments

Moody’s: Further downgrade to junk for Turkish economy due to balance of payments Moody’s: Further downgrade to junk for Turkish economy due to balance of payments

Turkey’s rating was further downgraded to “junk” by Moody’s Investors Service as risks to the balance of payments increase and authorities struggle to stabilize the lira and restore foreign reserves. As Bloomberg reports, the country was downgraded to B3 from B2 on Friday by Moody’s, which also changed the outlook to stable from negative. The […]

Moody’s: New US bill will reduce inflation and deficit over time

Moody’s: New US bill will reduce inflation and deficit over time Moody’s: New US bill will reduce inflation and deficit over time

A sweeping bill passed by the US Senate on Sunday aimed at fighting climate change, lowering drug prices and raising some corporate taxes will reduce inflation in the medium to long term and reduce the deficit, the rating agency said. Moody’s to Reuters on Monday. The legislation, known as the Lower Inflation Act, however, will […]

Moody’s: Downgrades Italy’s outlook to negative

Moody’s: Downgrades Italy’s outlook to negative Moody’s: Downgrades Italy’s outlook to negative

Moody’s Investors Service downgraded Italy’s outlook to negative, citing accumulated risks ranging from Russia’s war in Ukraine to the departure of Prime Minister Mario Draghi, Bloomberg reported. The European country’s credit rating, which is rated Baa3 by Moody’s, is under pressure from heightened sovereign risk that could hinder structural and structural reforms, including those included […]

Moody’s: Greece is weak in the face of the ‘spectre’ of stagflation

Moody’s: Greece is weak in the face of the ‘spectre’ of stagflation Moody’s: New US bill will reduce inflation and deficit over time

Her Eleftherias Kourtalis While Greece appears to be less exposed to a persistently high inflation scenario than the rest of Southern Europe, policy options to combat a stagnant cycle are among the weakest in the European Union, Moody’s warns. Russia’s invasion of Ukraine has worsened the situation on the supply and demand fronts and pushed […]

Moody’s: Interest rate hikes and TPI reinforce the banks’ story – When will the ECB stop the tightening cycle

Moody’s: Interest rate hikes and TPI reinforce the banks’ story – When will the ECB stop the tightening cycle Moody’s: Interest rate hikes and TPI reinforce the banks’ story – When will the ECB stop the tightening cycle

By Eleftherias Kourtalis The European Central Bank raised its key deposit rates by 50 basis points, more than expected, and announced a new bond-buying program designed to prevent euro zone sovereign spreads from widening more than economic fundamentals would justify sizes. Both measures are credit positive for eurozone banks, Moody’s emphasizes. As he points out, […]

Moody’s: The double ‘gift’ from the ECB to Greek banks

Moody’s: The double ‘gift’ from the ECB to Greek banks Moody’s: New US bill will reduce inflation and deficit over time

Her Eleftherias Kourtalis The European Central Bank will tomorrow proceed with the previously announced increase in its key interest rates by either 25 or 50 basis points and will reveal details of the new mechanism to limit the widening of euro zone sovereign spreads. Moody’s expects southern European banks to be the main beneficiaries of […]

Moody’s: Belarus is in a state of bankruptcy regarding the payment of foreign debt

Moody’s: Belarus is in a state of bankruptcy regarding the payment of foreign debt Moody’s: New US bill will reduce inflation and deficit over time

The international rating agency Moody’s has announced that Belarus has defaulted on foreign debt. This is stated on the website of the house. On July 13, the grace period during which Belarus had to pay the amount of $22.9 million for the ten-year Belarus-27 Eurobonds ended. The Ministry of Finance of Belarus made the payment […]

Moody’s: Rising borrowing costs and growth slowdown will continue to hit markets

Moody’s: Rising borrowing costs and growth slowdown will continue to hit markets Moody’s: Rising borrowing costs and growth slowdown will continue to hit markets

Her Eleftherias Kourtali The outlook for global credit conditions has deteriorated and will deteriorate further into the rest of the year, amid slower global growth, higher debt service costs, lower consumer and business climate, and increased volatility and market risks, as warned. In particular, the protracted Russia-Ukraine military conflict poses wider risks that will continue […]

Moody’s now believes that Russia has declared a moratorium on its foreign debt

Moody’s now believes that Russia has declared a moratorium on its foreign debt Moody’s: New US bill will reduce inflation and deficit over time

The credit rating agency Moody’s now believes that the Russian Federation has declared a moratorium on payments on its external public debt. The house explained in a statement that it ended up in this crisis because Moscow did not repay interest on two government bonds, after the expiration of the thirty-day grace period yesterday Monday. […]

Moody’s at Capital.gr: Positive prospects for Greek banks, but challenges ahead

Moody’s at Capital.gr: Positive prospects for Greek banks, but challenges ahead Moody’s at Capital.gr: Positive prospects for Greek banks, but challenges ahead

Of Leonida Stergiou The outlook for Greek banks is positive and this assessment has incorporated the risks of a change in monetary policy by the ECB. The baseline scenario envisages an increase in interest income for Greek banks, a reduction in bond losses due to the ECB’s new intervention tool, and, in general, an improvement […]