Credit rating agency
Rating upgrades show 'we are on right track,' says Şimşek
Credit rating upgrades by major rating companies show that "we are on the right track," Treasury and Finance Minister Mehmet Şimşek has said, referring to the economic program the government is implementing.
S&P raises Turkey’s rating to ‘B+’ on economic rebalancing
Credit ratings agency S&P on Friday upgraded Turkey's ratings to "B+" from "B", saying that the coordination between monetary, fiscal, and income policy is set to improve, amid external rebalancing.
The credit action comes a week after the Turkish central bank kept its policy rate unchanged at 50%.
Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook, signaling confidence in the country's economic trajectory.
Foreign investors have no doubt about economic program: Şimşek
Foreign investors trust Türkiye and their worries about the economic program the government implements have disappeared, Finance Minister Mehmet Şimşek has said.
The road to restoring Greece’s A credit rating
A significant reduction in the debt ratio, the strengthening of economic resilience, and improvement in Greece's governance indicators are the three essential steps required for the country to fully normalize and regain an A credit rating, as it had before the debt crisis, thus aligning with the average credit rating of eurozone economies. This analysis comes from the Bank of Greece.
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Fitch revises outlook for Greek banks to ‘positive’ from ‘stable’
Fitch Ratings revised the outlook on Greece's four systemic banks - Alpha Bank, Eurobank, National Bank and Piraeus Bank - to positive from stable on Thursday, following the investment grade it gave Greek bonds on December 1.
Reports note strength of Greek banks’ results
More positive reports on Greek banks have come out from Canadian ratings agency DBRS and US financial services company Jefferies Group.
DBRS notes that improvements in operational results and a better risk profile support a further strengthening of the banks' capitalization. But it also expects a slowdown in net income from interest rates.
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Cost of borrowing has gone down by 170 bp
A reduction in the cost of borrowing by 1.7 percentage points has been achieved thanks to the upgrades to Greece's credit rating by rating agencies during the last four years.
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Greece’s bonds trade as if investment grade already achieved
Greek bonds are already trading as though the country has regained investment grade, bank analysts that deal with Greek government debt told Reuters on Friday, with the news agency reporting that investors consider Greece's return to investment-grade credit ratings "a done deal."
Macron vows to boost economy shaken by protests
Building factories to boost job creation and make France more independent - that's President Emmanuel Macron's ambition for the French economy.
It's a big challenge, as France reels from protracted protests, rising food and energy prices and other fallout from the Ukraine war.
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