Credit

Credit ratings agency S&P on Friday upgraded Turkey's ratings to "B+" from "B", saying that the coordination between monetary, fiscal, and income policy is set to improve, amid external rebalancing.

The credit action comes a week after the Turkish central bank kept its policy rate unchanged at 50%.

Credit ratings agency S&P on Friday revised its outlook on Greece to "positive" from "stable," saying the tight fiscal regime will continue to spur a reduction in the government debt ratio.

Building factories to boost job creation and make France more independent - that's President Emmanuel Macron's ambition for the French economy.

It's a big challenge, as France reels from protracted protests, rising food and energy prices and other fallout from the Ukraine war.

Greece's Prime Minister Kyriakos Mitsotakis called for the dissolution of parliament on Saturday, kicking off the countdown to general elections set for May 21.

Mitsotakis, whose four-year term would have ended in July and holds a slim lead in polls, is seeking re-election on pledges of safety improvements after the nation's worst rail disaster, and strengthening the economy.

Credit ratings agency Fitch has upgraded the outlooks of 20 Turkish banks to stable from negative.

Credit ratings agency Fitch revised Turkey's outlook from "negative" to "stable" on Nov 1 and affirmed its "BB-" rating.

Credit rating agency JCR has removed Turkey's ratings from the Credit Monitor and affirmed them at BBB- with a negative outlook, citing a recent recovery in the lira's value and an ease in the Turkish-U.S. ties.

Credit rating agency Fitch has downgraded the "long-term foreign-currency issuer default ratings" of 20 Turkish banks and viability ratings of 12 banks, citing mounting risks confronting the sector in the wake of the recent currency turmoil.

Credit ratings agency Fitch on Aug. 10 upgraded Greece's sovereign debt one notch to 'BB-' from 'B' due to the recent deal with Europe to provide "substantial" debt relief.

Credit rating agency Moody's said on June 26 that a review on a possible downgrade of Turkey's sovereign credit rating will hinge on what policies the country's government pursues following President Recep Tayyip Erdoğan's election victory this week.