Credit rating agency

End of 'domestic ceasefire' undermines investments in Turkey: Rating agency

Credit rating agency JCR Eurasia Rating?s head, Orhan Ökmen, says the end of the state ?domestic ceasefire? is undermining Turkey?s place as an investable country, referring to the recent spike in military and police operations against armed groups inside the country.

S&P lowers Greek credit rating to CCC

Standard and Poor’s lowered its long-term sovereign credit rating for Greece to CCC from CCC+, warning that the Greek government would likely default on its commercial debt over the next 12 months if no deal is reached with institutional creditors.

The outlook on Greece remained negative, S&P reported, while the short-term credit rating was unchanged.

 

Moody's: Negative outlook for Greece's banking system

Moody's Investors Service has said its outlook on Greece's banking system is ?negative,? owing to acute deterioration in funding and liquidity.

?These pressures are unlikely to ease over the next 12-18 months and there is a high likelihood of an imposition of capital controls and a deposit freeze,? the credit ratings agency said in a report released Wednesday.

Moody's downgrades Greek bank products, OTE rating

Moody?s Investors Service announced it downgraded 18 notes and affirmed one note in eight Greek structured finance transactions late on Monday.

This follows Moody?s lowering of its country ceiling on Greece to B3 from Ba3 and its downgrade of Greece?s sovereign rating to Caa2 from Caa1 that occurred on April 29.

Fitch downgrades ratings of four Greek banks

Fitch Ratings downgraded four Greek banks' long-term issuer default ratings (IDR) to 'CCC' from 'B-' on Wednesday, following the downgrade of the country's sovereign rating last week.

The downgrade reflected Greece's weaker economic prospects, which put the banks' asset quality and solvency at further material risk, the ratings agency said.

Fitch downgrades Greece amid bailout uncertainty

Ratings agency Fitch has downgraded Greeces sovereign rating amid growing uncertainty over the new government's pledge to overhaul reforms needed to restart bailout loan payments and avoid default.

The agency late on Friday said it had lowered the country's rating deeper into non-investment grade status from B to CCC, citing «extreme pressure on Greek government funding."

Rating unchanged but risk perception growing

International Credit Rating Agency Fitch did not change Turkey?s outlook in its recent evaluation of the country, which resulted in comforting the markets slightly. Many people were not expecting Fitch to lower the ratings with elections approaching, but looking at the positive reaction of the markets, we concluded that ?it means some uneasiness did exist.?

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