The S&P further downgraded Turkey’s credit rating to local currency in the “junk” category, while maintaining a negative outlook for the country and confirmed the rating in foreign currency, according to Bloomberg. The house cut its rating of Turkish debt in local currency by one notch to B +, four levels below the investment grade, […]
Tag: Standard and Poors
S&P vote of confidence for Greek banks
Of Eleftheria Kourtali The four Greek systemic banks are expected to improve their profitability this year due to the continued strengthening of their balance sheets, S&P Global Ratings said in a report, giving a significant vote of confidence in the industry. Piraeus, Alpha Bank, the National Bank and Eurobank are expected to use the dynamics […]
S&P: Monetary policy tightening’s biggest threat to economy and ratings despite pandemic
Her Eleftherias Kourtali Risks to global credit conditions are widening — mainly due to international political tensions, persistent inflation and rising borrowing costs, as the S&P rating agency warns. The outlook for global economic growth has deteriorated, albeit modestly, and the ability of central banks to curb inflation without hampering recovery after the pandemic is […]
Fitch: Russia’s debt threatens severe sanctions
The imposition of new and possibly severe sanctions against Russia could have a negative impact on the credit rating of the country and its banking sector, the rating agency Fitch said on Tuesday, in response to the growing threats of the West for the consequences of a possible Russian invasion. in Ukraine. At the same […]
S&P: High energy prices have come to stay, and how transient will inflation eventually be?
Her Eleftherias Kourtali In a new report, the rating agency examines some of the major issues of the economy and markets in the new year, with the energy crisis and the spike in inflation being the biggest “headache” for governments, consumers and central banks. In terms of energy, the house says that volatile and record […]
S&P: High energy prices have come to stay
Her Eleftherias Kourtali In a new report, the rating agency examines some of the major issues of the economy and markets in the new year, with the energy crisis and the spike in inflation being the biggest “headache” for governments, consumers and central banks. In terms of energy, the house says that volatile and record […]
DZ Bank: The upward trajectory of Greece’s ratings by 2022 is unstoppable
Her Eleftherias Kourtali 2021 was another successful year for the ratings of Greece by the companies, as noted by DZ Bank, estimating that this year and especially in the second half of the year, the country is expected to see further upgrades. According to the German bank, Greece was upgraded last year from S&P from […]
Evergrande: S&P downgraded it to ‘selective bankruptcy’
S&P Global Ratings downgraded Evergrande’s credit rating to selective default after defaulting on a dollar-denominated bond coupon for the first time, Bloomberg reported. This is a move that could provoke a chain reaction in the course of repaying the debt of 19.2 billion dollars of the Chinese giant. It should be noted that S&P Global […]
Turkey: The S&P downgrades the outlook for public debt
The rating agency Standard and Poor’s announced yesterday Friday that it downgraded – from stable to negative – the outlook for the Turkish public debt, citing political and economic uncertainties. For the time being, the house maintained the country’s rating at B + (“very profitable” position). In general, however, the revision of the outlook for […]
Standard & Poor’s: Upgrades Mytilineos’ outlook to positive
Standard and Poor’s upgraded its outlook from stable to positive. In fact, the house in its report recognizes the development course of the company despite the fluid international environment and the challenges of the energy and health crisis. In addition, it gives a perspective for further upgrade based on the performance, mainly in RES, confirming […]