Credit rating agency

A coalition government after the second round of elections in the summer is the main scenario for investment firms and rating agencies, with the whole process expected to be difficult and time-consuming, resulting in possible delays in both the recovery of investment grade and the implementation reforms and investment promotion.

Greece is close to regaining its investment-grade credit rating in 2023, after 12 years of relegation to junk status, the Financial Times reported on Tuesday.

"We think that 2023 is the year will get the investment grade," Greek central bank chief Yannis Stournaras said in an interview with the paper, urging the country's next government to maintain fiscal prudence.

Ljubljana – The German-based Scope ratings agency has affirmed A/Stable long-term credit ratings for Slovenia. Slovenia is a wealthy and resilient economy with favourable market access and debt profile, and a prudent fiscal policy, but it faces limited energy diversification, high public debt, labour market rigidities and weak demographics.

Moody's maintains a positive outlook for the Greek banking system despite difficult economic conditions and inflationary pressures, which are likely to limit economic growth in 2022, but with a possible recovery in 2023.

The P.D.M.A. is waiting for a positive signal to take the new step for a new bond issue. That might be given by Standard and Poor's (S&P) today, Good Friday.

International credit rating agencies "see" strong prospects for the development of the Greek economy, on which, after all, the upgrades of the Greek debt in the last two years were based to a significant degree.

The Turkish economy has been successful in showing resilience against various shocks to continue expanding, Fitch Ratings senior director and primary rating analyst Erich Arispe Morales said on Nov. 5.

Turkey's financial sector acts as an "anchor" for the economy, he said.

Turkey's seven largest banks have sufficient short-term foreign currency (FC) liquidity to service FC debt during the event of a brief market closure, Fitch Ratings said on Sept. 23 in a report. 

Fitch Ratings affirmed Turkey's credit rating at 'BB-' on Aug. 13 with a stable outlook. 

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"Turkey's ratings reflect weak monetary policy credibility, high inflation, low external liquidity in the context of high financing requirements and geopolitical risks," the global rating agency said in a statement.

Inflation in Turkey is estimated to decline to 15.5% this year and 12% next year, the global rating agency Fitch Ratings said on June 10.

Interest rate is expected to be 17% at the end of 2021 and 13.5% at the end of 2022, according to a webinar titled "Fitch on Turkey: A Sovereign and Financial Institutions Overview".