Credit rating agencies

Fitch Ratings retained Greece's credit rating at 'BB-' and its outlook at "stable" on Friday, a few weeks after the latest Greek foray in the money markets with a seven-year bond.

Last February Fitch had also kept Greece's rating at 'BB-', and the outlook "stable".

Moody's said on Tuesday that Piraeus Bank's outlook is positive, reflecting expectations of an improvement in the systemic lender's fundamentals in the next 12 to 18 months, after the completion of its restructuring plan.
In its update to investors, the agency gave Piraeus a Caa2 rating, which reflects the challenge the bank is facing in the reduction of its nonperforming exposures.

National Bank of Greece is eager to make the most of the favorable climate among foreign investors toward the country in the last couple of months, and especially after the election result, proceeding immediately with the issue of a Tier II bond to boost its capital.

Moody's decision to downgrade Turkey's credit rating is incompatible with the country's fundamental economic indicators, the Ministry of Treasury and Finance said early on June 15.

,,Bulgaria may join the Currency Mechanism up to 12 months'', Prime Minister Boyko Borissov wrote on Facebook, reported Econ.bg

Rating Agency Standard & Poor has confirmed Bulgaria's credit rating with a positive outlook, confirming Bulgaria's long-term and short-term credit rating in foreign and local currency 'BBB- / A-3'.

The international rating agency + Standard & Poor's (S & P) confirmed Bulgaria's long-term and short-term credit rating in foreign and local currency 'BBB- / A-3'.

Fitch Ratings has reconfirmed on Friday Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook, the Public Finance Ministry (MFP) announced on its Facebook page.

International rating agency Moody's has qualified as "credit positive" for the securitization of nonperforming exposures Greece's new framework for the protection of the primary residence of borrowers.

The international rating agency, Fitch Ratings, raised the prospect of the long-term credit rating of the Bulgarian Development Bank, the bank said. They then specify that the bank receives the highest possible credit rating for a financial institution in Bulgaria.

The erosion of Turkey's foreign currency reserves is a credit negative and Central Bank use of reserves to prop up the Turkish Lira currency poses renewed questions on its transparency and independence, Moody's Rating Agency said on April 1.