By Tasos Dasopoulos The ratings from three different rating agencies, as well as the ratings for the last tranche of bond earnings of around 650 million euros and the second tranche of 1.97 billion euros from the Recovery Fund, will be the subjects of the examinations for the Greek economy until the end of the […]
Tag: rating agencies
Moody’s downgrades growth forecasts for the US and European economies
In the latest reports published on Tuesday, Moody’s Investors Service cuts US and European GDP growth forecasts for 2022 and 2023. now wait US real GDP growth of 2.1% in 2022 and 1.3% in 2023below May forecasts of 2.8% and 2.3%, respectively. Tightening monetary and financial conditions to reduce stubbornly high inflation will slow economic […]
Fitch: Greece’s rating unchanged at ‘BB’, stable outlook
LAST UPDATE: 00.40 The American rating agency Fitch kept Greece’s credit rating unchanged at “BB”, while keeping the outlook at “positive”, according to the report published late Friday evening. The main assessment factors: Positive outlook: Greece has a high per capita income that far exceeds the median of “BB” and “BBB” rated countries. Its governance […]
Australia: S&P cuts 2022 GDP forecast to 3.6% from 4% previously
In its latest economic assessment for the Asia-Pacific region, S&P Global offers dire growth prospects. The global rating agency has cut Australia’s GDP forecast for 2022while also revising the RBA’s monetary policy expectations. Featured Comments “Growth is slowing in the region as demand for exports softens in line with an expected slowdown among the world’s […]
Moody’s cuts China’s GDP growth forecast in 2022 from 5.2% to 4.5%
Moody’s Investors Service has cut China’s GDP outlook for 2022, citing disruptions in economic activity due to covid-related lockdowns. Key comments “COVID-19 lockdowns in China (A1 stable) will hit the country’s growth momentum amid housing market slump and geopolitical uncertainties“. “We have lowered our growth forecast for China’s GDP for 2022 to 4.5% from 5.2%with […]
Moody’s: G20 economies to grow 3.1% in 2022 vs. 5.9% growth in 2021
According to Moody’s latest global growth outlook, the G20 economies will grow at a rate of 3.1% in 2022down from the 5.9% growth rate in 2021, Reuters reported. Outstanding conclusions: Post-pandemic economic recovery faces a complex set of challenges. “We expect headline inflation rates to soften over the next year.” Many risks add to the […]
Moody’s: Global Growth Forecasts Cut Amid Russia-Ukraine War and China Blockade
World growth forecasts are reduced with Russia’s invasion of Ukraine and China’s blockadeas highlighted by Moody’s Investors Services in its latest report published this Thursday. Additional comments Advanced economies will expand 2.6% in 2022 and emerging market countries will grow 3.8%below the March forecasts, which were 3.2% and 4.2%. The current high inflation rates could […]
Société Générale: Further upgrades of Greece are coming – In investment grade until the first half of 2023
Her Eleftherias Kourtali Société Générale expects normalization of Greek bonds after the intense turmoil they have received recently, further upgrades of Greece by rating agencies and recovery of the investment grade until the first half of 2023. As the French bank points out in a new report, spreads across the eurozone have widened recently, possibly […]
What do the houses see and upgrade the debt of Greece
Of Tasos Dasopoulos The impressive economic recovery after the 9% recession in 2020 was the main reason why Greece received two credit upgrades since the beginning of the year, despite the new crisis of high inflation and the war in Ukraine. Greece had the fourth highest recession in the Eurozone in 2020, due to the […]
Moody’s reaffirms the AAA rating and maintains the stable outlook
The Investors Service Moody’s affirmed New Zealand’s currency rating at “AAA” while maintaining a “stable” outlook. The global rating agency expects solid 3.0% growth in 2022 as the economy continues to recover from Covid, even as fiscal and monetary policy begin to normalize in the face of domestic and external inflationary pressures. Key comments “New […]
