The upgrade of the credit rating of the Republic of Cyprus by one notch, from “BBB-” to “BBB” was announced by the relevant decision published last night, Friday, September 2, 2022, by the international credit rating agency Standard & Poor’s, which determined the outlook of the Cypriot Economy as stable. Standard & Poor’s justifies its […]
Tag: Standard and Poors
Ukraine: S&P and Fitch declare Kyiv in a state of selective bankruptcy
The international rating agencies S&P and Fitch Ratings yesterday downgraded the creditworthiness of the Ukrainian government in terms of bonds and other securities denominated in foreign currencies, explaining that they consider the two-year moratorium on the repayment of Ukraine’s foreign debt to be a selective default. Earlier this week, Ukraine’s sovereign overseas creditors, including the […]
Wall: The futures of the three key indicators are moving upwards
Wall Street futures are moving up today, with the market trying to make up for some of the sharp losses it suffered in 2022. Futures related to the S&P 500 traded 0.7% higher, while Dow Jones futures rose 142 points or 0.5%. Nasdaq futures rose 1%. The averages of the key indicators increase for the […]
S&P at Capital.gr: ‘Greek debt sustainable, despite market revaluation’
Of Leonida Stergiou The jump in Greek bond yields is due to the re-pricing of risks and costs from the markets, as a result of the new monetary policy of the ECB, taking into account, at the same time, the energy crisis and the war in Ukraine. In this context, a new basis for pricing […]
PPC upgrade by Standard & Poor’s
Standard & Poor’s today upgraded PPC’s rating to BB- from B + with a stable outlook. In its report, the house also points out that the additional profitability from energy production finances the subsidy of consumers and that the possible imposition of taxation by the government on the “skyrocketing profits” of the energy sector will […]
DZ Bank: Greece is getting closer to the investment level – Greek bonds will soon ‘shine’
Of Eleftheria Kourtali Following the DBRS in March, S&P also downgraded its rating one notch below the BB + investment threshold, with the main reasons for this move being the manageable impact of the war in Ukraine, the reduction of non-performing loans and further fiscal consolidation, as noted by DZ Bank. The prospect of achieving […]
Ad. Georgiadis: The investment stage will mean the end of the memorandum
“Extremely good news” characterized the upgrade of the Greek economy by S&P, the Minister of Development and Investment, Adonis Georgiadis, who speaking to SKAI and the show “Kalimera” explained that the investment stage will mean the end of the memorandum. “When we took over the government we were 6 steps away and we covered 5 […]
Chr. Staikouras for S&P upgrade: Outcome and culmination of prudent fiscal policy
“S&P Global Ratings today upgraded Greece’s credit rating by one notch. It thus becomes the third rating agency, and the second of the ones selected by the European Central Bank, which places the country one, just,” step “before the investment stage”, said the Minister of Finance Christos Staikouras for the upgrade of the country’s creditworthiness […]
S&P: Upgrading Greece to BB + with stable prospects
LAST UPDATE: 23.39 The American rating agency Standard & Poor’s upgraded Greece’s credit rating from grade BB to BB +, with a stable outlook, bringing the country just one step from the investment grade. The war in Ukraine is the main reason for the house’s forecast that Greek GDP growth will slow to 3.4% in […]
S&P: At the stage of “selective bankruptcy” the debt of government bonds in foreign currency of Russia
Standard & Poor’s downgraded Russia’s foreign currency bonds to “selective default” (SD) today, citing growing risk that Moscow may or may not be able to continue to meet its obligations. to foreign bondholders. Russia may face its first foreign debt arrears in a century this year as it settles to pay interest on its securities […]