Her Eleftherias Kourtali The normalization of the ECB policy will not derail the reduction of the debt of the countries of the region, but will weaken its sustainability as well as the fiscal space, warns the rating agency Moody’s. At the same time, he stressed that the end of bond purchases by the ECB will […]
Tag: Moody’s
Moody’s: Very high energy prices and slower growth in Europe over the next 3-5 years
Her Eleftherias Kourtali On 31 May, the European Council approved most of the European Commission proposals to wean EU member states from Russian gas in light of Russia’s invasion of Ukraine. This follows previous calls for a rapid reduction in Russian gas imports, with the aim of reducing them by two-thirds by the end of […]
CNP Assurances: Moody’s rating confirms financial strength in A1 with stable outlook
“International credit rating agency Moody’s confirms the strong financial strength of CNP Assurances, the French multinational insurance giant, which is 100% owned by the leading Cypriot Insurance Group CNP CYPRUS, giving the CNP Assuran a high rating (CN1 Assurances) “. This is stated in a statement of the company, after the press release published by […]
Moody’s: How exposed are European countries to an energy shock – The case of Greece
Her Eleftherias Kourtali Most European countries are resilient to a cut in Russian energy, but there are countries that are significantly exposed to a shock to Russian gas supplies and this will have a negative impact on those who judge their credit rating, according to Moody’s. He warns that if the stability of a state’s […]
New strong vote of confidence from Moody’s in Greek banks
Of Eleftheria Kourtali The prospects of the European banking system are shaped by the Russia-Ukraine crisis, as Moody’s notes in a new report where it examines and re-evaluates the banking sectors of the countries in the region, distinguishing that of Greece. As the house points out, the outlook for most European banking systems is stable, […]
Moody’s: Russia defaulted on bonds
Russia may have gone bankrupt after trying to pay off its bonds in dollars in rubles because of Western sanctions over the war in Ukraine, Moody’s said in its first major default on Moscow foreign bonds since the 1917 revolution. Moscow made a payment on April 4 for two government bonds – maturing in 2022 […]
Moody’s: The Impact of the Interruption of Russian Gas Flows in the EU – Greece’s Exposure and ‘Readiness’
Her Eleftherias Kourtali Russia’s threats to cut energy supplies to “unfriendly” countries and repeated calls for further tightening of EU sanctions on Russia increase the risk of a sharp and sudden cut in Russian energy supplies to Europe, according to Moody’s. This in turn increases the risk of further sharp rises in energy prices and […]
Moody’s sees war in Ukraine as a threat especially to Eastern European banks
The protracted war in Ukraine is having increasingly severe economic consequences for international banks. Although the immediate consequences of the Russian attack on the smaller neighboring country are limited, the indirect effects are becoming increasingly dangerous, warns Moody’s, according to Handelsblatt. These side effects include rising inflation due to supply shocks to commodity prices and […]
Moody’s: The effects on Greece of the war in Ukraine
Her Eleftherias Kourtali The Greek economy entered 2022 with very strong dynamics and the high frequency and climate indicators indicate a continuous recovery before the Russian invasion of Ukraine, as Moody’s points out in its annual analysis of Greece’s credit profile. The military conflict has caused a sharp rise in commodity prices, which could be […]
Moody’s upgraded Greek banks
Of Eleftheria Kourtali Moody’s upgraded Greek banks, maintaining a positive outlook. According to the house, the positive outlook reflects the expectation that Greek banks will continue to improve their credit profiles in the next 12-18 months and will be in a good position to manage any new problem loans that may arise as a result […]