Fitch Ratings

Moody's remained on Friday the only major rating agency to maintain Greece outside the investment-grade states, as it affirmed the country's credit rating at "Ba1", with a stable outlook.

Last September the agency had raised Greece's rating two notches, from "Ba3". It has therefore maintained Greece one notch before investment level.

Greek bonds outperformed their eurozone counterparts considerably on Monday, with the 5-year Greek note even matching Spanish paper, having received a boost from Greece's upgrade by Fitch Ratings on Friday night.

Fitch Ratings added itself on Friday night to the list of rating agencies that have reverted Greece to investment grade, raising its sovereign credit rating to BBB- from BB+.

What is more, Fitch said the Greek rating also has a positive outlook, which may well mean a further upgrade is on the horizon.

Fitch Ratings was added on Friday night to the rating agencies that have reverted Greece to investment grade, as it raised Greece's sovereign credit rating to BBB- from BB+.

What is more, Fitch said the Greek rating also has a positive outlook, that may well mean a further upgrade is on its way for Greece.

Fitch Ratings have revised upwards its medium-term potential growth for Türkiye to 4.1 percent from a previous 3.9 percent.

The Turkish economy grew by 3.8 percent in the second quarter of 2023, after expanding 3.9 percent in the previous period.

The decision late on Friday by German credit rating agency Scope Ratings to upgrade Greek debt to BBB-, that is, investment grade, comes on the heels of a similar decision by Japanese firm R&I and provides hopes that the "big four" ratings firms recognized by the European Central Bank - Fitch, Moody's, Standard & Poor's and DBRS - will move in the same direction, bestowing an investment

Fitch Ratings on Friday announced an upgrade of Greece's long-term foreign-currency issuer default rating (IDR) to BB+, up from BB. The ratings firm also listed the outlook as "stable".

The international rating agency based in London - Fitch Ratings, lowered the long-term rating of the Republic of Belarus from "CCC" to "C". This brings the country one step closer to bankruptcy. This is stated in a message on the agency's official website.

The international rating agency Fitch Ratings confirmed the long-term credit rating of Bulgaria in foreign and local currency BBB with a positive outlook, said the press center of the Ministry of Finance.

The Turkish economy has been successful in showing resilience against various shocks to continue expanding, Fitch Ratings senior director and primary rating analyst Erich Arispe Morales said on Nov. 5.

Turkey's financial sector acts as an "anchor" for the economy, he said.