Morningstar
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Aversion toward mortgages
Greece continues to have the worst performance in household credit, registering a consistently negative rate, which was -1.7% in January against a 0.3% increase in the eurozone, according to a report published on Thursday by DBRS Morningstar, focusing on the "slow production of new mortgage loans."
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Moody’s maintains Greece below investment level
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.
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DBRS confirms Greece’s investment grade and Stable trend
DBRS Morningstar confirmed on Friday night Greece's credit rating at BBB (low) with a stable outlook, having been the first major agency last year to restore the country's investment grade.
The Canada-based firm stated that its rating reflects its view that the risks in Greece are fairly balanced.
Record interest rate spread
One of the pillars of Greek banks' profitability has been the limited increase in interest rates on deposits, leading to the highest interest spread in the eurozone - i.e. the difference between loan interest rates and deposit interest rates.
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Bonds hit 16-month high
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.
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Hatzidakis greets Greek upgrade by Fitch
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.
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Fitch Ratings returns Greece to investment class
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.
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Greece hopes for investment boost after key credit rating upgrade
A major international agency on Friday upgraded Greece's credit rating to investment grade, a move that is expected to boost investor confidence in the formerly bailout-dependent country.
DBRS restores Greece to investment grade
DBRS Morningstar upgraded Greece's credit rating to investment level on Friday, ending the country's bonds "junk status" after 13 years.
The Canadian-based rating agency, one of the world's four majors, became on Friday the first to bring Greece back to investment level since 2010.
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ATHEX: Bourse index loses over 2% on Thursday
Greek stocks suffered yet another slump on Thursday, with their losses growing as the day progressed, with floods in central Greece and the postponement of the prime minister's speech in Thessaloniki not helping stocks recover. Friday's DBRS Morningstar credit rating report on Greece could change all that.
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