DBRS

Rating agencies will focus on the government's policy declarations in Parliament this week, examining them in detail before proceeding with their verdicts for Greece.

While Cyprus' economic growth is expected to remain strong, the economic and the fiscal outlooks are exposed to significant downside risks, DBRS Morningstar said in a commentary on the country's new Stability Program.

The rebound expected on Thursday at the Greek stock market, following five consecutive days of decline, did materialize, but the benchmark closed some way from its day-highs.

Ljubljana – The Toronto-based credit rating agency DBRS Morningstar has affirmed Slovenia’s A rating and the New York-based agency S&P Global Ratings has affirmed the country’s AA- rating, both with a stable outlook, the Finance Ministry said on Saturday.

The significant move of the S&P Global Ratings to upgrade Greece's credit rating one notch on Friday reflect the positive trajectory of the Greek economy and its market confidence.

Ljubljana – The credit rating agencies S&P Global and DBRS Morningstar have confirmed Slovenia’s credit rating, the Finance Ministry has announced. S&P Global confirmed the credit rating at AA- with a stable outlook and DBRS Morningstar at A with an equally stable outlook.

Moody's proceeded to explain the reasons why it did not upgrade Greece's credit rating from Ba3.

In a new report, the rating agency says that further progress in reforms that will boost investment and growth, the rapid reduction of the debt ratio and the normalization of the banking sector are the factors that will "signal" the upgrade from the current Ba3 with stable prospects.

The Greek government was quick to pounce on the latest upgrade of the country's credit rating on Friday evening, pointing out that Greece's same-day upgrade by DBRS Morningstar by one grade, from ΒΒ (Low) to ΒΒ, comes a week after a similar hike by Scope Ratings.

Ljubljana – Rating agency Fitch has affirmed Slovenia’s credit rating at A with a stable outlook, the Finance Ministry said on Saturday, adding that this showed the agency acknowledged Slovenia’s strong institutional structure, focus on human development and a credible policy framework supported by EU membership.

Ljubljana – Creditreform Rating, an European credit rating agency, has affirmed Slovenia’s AA- credit rating with a stable outlook. It says that Slovenia has a strong economic environment, a flexible labour market while its private sector’s indebtedness is low, which should contribute to the country’s post-Covid recovery.