DBRS

Containing the Houthi impact on Piraeus port

The port of Piraeus has so far weathered the impact of the Red Sea attacks, but will not be able to do so for much longer, ratings agency DBRS Morningstar warns, as it is expected to take a significant blow with a reduction of 30% or more in cargoes over the next period, due to container shipping giants stopping or changing their routes.

Record interest rate spread

One of the pillars of Greek banks' profitability has been the limited increase in interest rates on deposits, leading to the highest interest spread in the eurozone - i.e. the difference between loan interest rates and deposit interest rates.

Bonds hit 16-month high

Greek bonds outperformed their eurozone counterparts considerably on Monday, with the 5-year Greek note even matching Spanish paper, having received a boost from Greece's upgrade by Fitch Ratings on Friday night.

Greece optimistic about hitting investment grade

Greek government spokesperson Pavlos Marinakis said in an interview with Open TV on Tuesday that Greece has every reason to be optimistic over the acquisition of the country's investment grade status.

"Friday is one of the three crucial dates," he said, referring to the upcoming verdict on the Greek credit rating by DBRS Morningstar, "followed by October 23 and December 1."

ATHEX: Bourse reacts to four days of contraction

The Greek stock market reacted after four consecutive sessions of decline to post significant gains on Tuesday, and on notable trading volume too. Traders appear to have taken for granted that DBRS Morningstar will this Friday restore Greece's investment grade rating, and if that does not materialize the bourse will likely take a nosedive as of Monday.

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