Credit rating agency

S&P Affirms Bulgaria at 'BB+/B', Outlook Stable

Standard & Poor's has affirmed its long-term and short-term sovereign credit ratings on Bulgaria at 'BB+/B', with a stable outlook.

"The stable outlook reflects our view that Bulgaria's fiscal flexibility, arising from still-low general government debt, balances potential risks from the financial sector," the global rating agency said in a statement on Friday.

Turkey outlook hinges on ability to spur growth, but risks remain: Moody's

Turkey's credit outlook will hinge on the new government's ability to tackle slowing growth and high inflation as credit risks of the country still remain, ratings agency Moody's said on Nov. 4.

The Justice and Development Party (AKP) won back its single-party rule in an election on Nov. 1, ending months of uncertainty for investors and briefly sending assets sharply higher.

Moody’s says Greek bank bondholders face risks of a bail-in

Moody’s ratings agency downgraded Greece’s 4 systemic banks to C on the unsecured debt, as it estimates Greek bank bondholders will face cuts in the event that a ‘bail-in’ is opted for the Greek banking system. The downgrade concerns the unsecured debt of alpha Bank, Eurobank, Ergasias, National bank of Greece (NBG) and Piraeus Bank. The agency maintained the banks’ deposit ratings at Caa3.

Moody's says Turkey's early elections prolong policy indecision, intensify economic headwinds

Turkey?s snap parliamentary election being held on Nov. 1 will prolong policy indecision and intensify economic headwinds, ratings agency Moody?s said on Aug. 27.

In the report, the rating agency said geopolitical risks have been escalating and investors have avoided the risks arising from emerging markets. 

Moody on the Turkish economy

My latest column, in which I argued that the Turkish Lira would continue to slide until the Central Bank intervened with a significant interest rate hike, may have seemed pessimistic. But compared to a report and article that I read over the weekend, it is actually optimistic.