Credit rating agencies

The Public Debt Management Agency is ready for Greece's first market foray of 2020, with the issue of a 15-year bond, which is seen raising 2-2.5 billion euros.

Turkey's national credit agency, Japan Credit Agency (JCR) Eurasia, has determined its board members, according to a statement released by the agency on Jan. 17.

The positive views on the Greek economy and its banks by various foreign firms, including rating agency DBRS Morningstar, continue to feed traders' buying interest, which is also trickling down to mid- and small-caps. This carried the benchmark through to another day of growth on Wednesday, on higher trading volume too thanks to a number of packages that changed hands.

Citigroup anticipates multiple credit rating upgrades for Greece this year by the four main agencies (Moody's, Standard & Poor's, Fitch and DBRS Morningstar), estimating that the country will make four bond market forays to draw a total of 10 billion euros in 2020.

Japanese rating agency "Rating and Investment Information" (R&I) on Monday delivered a considerable vote of confidence in the prospects of the Greek economy, upgrading Greece by two notches to BB with a stable outlook. This has brought Greece within two notches from investment grade.

International credit ratings agency Moody's on Nov. 14 upgraded Turkey's economic growth forecast owing to the country's growth-friendly fiscal policy.

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

Moody's has downgraded India's credit rating prospect because of increasing risks of a long-term slowdown in the economy and rising debt, DPA reported.

The Indian government said that it has undertaken a number of reforms in the financial sector and in other areas to strengthen the economy while keeping its fundamentals stable.

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

Canada-based rating agency DBRS upgraded Greece's outlook from stable to positive on Friday, but stopped short of upgrading its credit rating from BB (low).

Therefore the country's rating remained three notches below the coveted investment grade, where DBRS had placed Greece in its previous review last May.