Moody's Ratings

WASHINGTON - Serbian First Deputy PM and Finance Minister Sinisa Mali said on Thursday he was optimistic about Serbia obtaining investment-grade ratings from both Fitch and Moody's by the end of next year after Standard & Poor's upgraded the country's rating to investment grade earlier this month.

US credit rating agency Standard & Poor's (S&P) reaffirmed Greece's investment-grade rating of BBB- with a "Positive" outlook on Friday night.

The next review of Greece's economy by S&P is expected in spring 2025, and the rating agency may well proceed to an upgrade then, given the "Positive" outlook it maintains for the country.

BELGRADE - Serbian President Aleksandar Vucic said on Thursday he believed Serbia would get investment-grade credit ratings from both Fitch and Moody's next year at the latest.

BELGRADE - Serbian President Aleksandar Vucic said at a Serbia-Japan business forum in Belgrade on Thursday Serbia would by the end of this year get investment-grade credit ratings from the Fitch and Moody's rating agencies as well.

A few days after raising the outlook of Greece's credit rating to "positive," Moody's referred to the factors that contributed to Greece's Ba1 rating and prevented the granting of investment grade to the country.

Eurobank announced on Wednesday it had successfully completed the pricing of 850-million-euro Green Senior Preferred Notes.

The notes are expected to be assigned an investment grade rating of Baa2 from Moody's, following the bank's recent upgrade to investment grade from the same agency.

Credit ratings agency Moody's changed Eurobank's and National Bank's outlook for their Baa2 senior unsecured debt and long-term deposit ratings to positive from stable, "following the outlook change to positive from stable in the Government of Greece's Ba1 issuer rating."

Moody's is the only one among major credit ratings agencies that has not given Greece's debt an investment grade.

Moody's raised Greece's credit rating outlook to "Positive" from "Stable" on Friday, but stopped short of lifting the country out of junk status and into investment grade.

The U.S. market regulator charged and fined six major ratings agencies on Sept. 3, including Moody's, S&P and Fitch, over what it called "significant recordkeeping failures."

BELGRADE - After Standard & Poor's and Fitch, the world's third most renowned rating agency, Moody's, has improved Serbia's outlook from stable to positive, affirming the ratings at Ba2, the National Bank of Serbia (NBS) says.