Standard & Poor's

Building factories to boost job creation and make France more independent - that's President Emmanuel Macron's ambition for the French economy.

It's a big challenge, as France reels from protracted protests, rising food and energy prices and other fallout from the Ukraine war.

France will go ahead with structural reforms to overhaul its economy after credit ratings agency Fitch downgraded the country's debt worthiness, Finance Minister Bruno Le Maire has told AFP.    

Fitch downgraded France's debt worthiness a notch to "AA-" from "AA" on April 28, claiming the country's "fiscal metrics are weaker than peers".    

S&P Global Ratings (S&P) has revised the outlook for Bank of Cyprus to positive from stable, citing the easing of funding risks, a diversified business model and substantial progress in de-risking its balance sheet.

Standard & Poor's on Tuesday raised the outlook of credit ratings of Greek banks, citing significant progress achieved by the financial institutions.

Standard & Poor's refrained from granting investment grade to the Greek economy on Friday, but showed it intends to do so in its next rating action, as it upgraded Greece's outlook from "Stable" to "Positive," in a move largely expected by markets.

BELGRADE - The fact that, in spite of all global uncertainties it is faced with, Serbia is still a notch away from investment grade is another confirmation that it pursues an adequate economic policy against the backdrop of a multidimensional crisis that has been going on for more than three years, National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said in a comment on a recent Standar

Fitch Ratings on Friday announced an upgrade of Greece's long-term foreign-currency issuer default rating (IDR) to BB+, up from BB. The ratings firm also listed the outlook as "stable".

Ratings agency Standard and Poor's (S&P) has kept Greece's credit rating stable at BB-, three rankings below investment grade, but has revised its outlook to stable from positive given the adverse effects the coronavirus pandemic will have on the economy.

S&P said Friday it expects Greece's economy to contract by about 9% in 2020, before rebounding in 2021.

Fitch ratings agency has lowered its outlook on Greece's credit rating, from positive to stable, amid the financial impact the coronavirus measures are taking on the country's economy.

In its report issued late Thursday night, the ratings agency did not downgrade Greece's credit rating, leaving it at the BB level it had upgraded it to in January.

The Republic of Cyprus is on Tuesday proceeding to the issue of two new bonds, a seven-year paper and a 30-year one, both euro medium-term notes (EMTN), the island's Finance Ministry announced on Monday in a message to investors.