Credit rating agencies
Bulgaria: "Standard & Poor's" confirmed the Credit Rating of Sofia
The leading rating agency "Standard & Poor's" /S&P Global Ratings/ confirmed today the investment rating of Sofia Municipality of BBB with a stable outlook, which is equal to that of the country. This was announced by the press center of Sofia Municipality.
How Greece came to the cusp of regaining investment grade after 13 years
For rating agencies and major analysts, the story of Greece's debt regaining its investment grade after 13 years is one of the most compelling.
The benefits of a debt upgrade
It is widely expected that Greek debt will finally return to investment grade for the first time since 2010. Some minor credit rating agencies have already gone ahead with the upgrade, though none of the "big four" - DBRS, Fitch, Moody's and Standard & Poor's - have done so yet.
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Debt upgrade timing not a certainty, Barclays notes
Greece's debt attaining investment grade will likely happen, given its economy's progress, but that does not mean the bigger rating firms will do so in their next rating updates, Barclays notes.
It added that they usually act prudently, rather than hastily.
Investment grade bestowed
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
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First investment grade decision
Japan gave an important vote of confidence to Athens, as its rating agency Rating and Investment Information (R&I) is now the first to attribute Greece investment grade, after the upgrade to BBB- with stable prospects (from BB+ with stable prospects previously) on Monday.
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Is there scope for a midsummer surprise?
A huge surprise for Greece cannot be ruled out this summer. This has to do with a decision by the European Central Bank and concerns the inclusion of Scope Ratings in the group of rating agencies the ECB takes into account in its decisions.
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Investment grade in the final stretch
The government's policy declarations a few days ago were in line with the expectations of rating agencies and are not seen as endangering the country's fiscal course and the prudent fiscal policy - with a focus on growth, investment and debt reduction - that is also the ticket to investment grade, analysts from Fitch, Moody's, S&P and DBRS have told Kathimerini.
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Rating to depend on policies
Rating agencies will focus on the government's policy declarations in Parliament this week, examining them in detail before proceeding with their verdicts for Greece.
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Greece, a champion in debt slashing
Moody's projects that Greece will post one of the largest debt reductions internationally over the next few years, stressing that the sustainability of the Greek debt is already at a much better level than that of Italy (which is rated investment grade) and will continue to be.
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