Standard & Poor's

Moody's ratings agency upgraded Greece's credit rating by two notches late on Wednesday to B3, saying the country is set to return to market-based funding following the conclusion of its current bailout program in the summer.

The international rating agency Standard & Poor's (S & P Global Ratings) increased Sofia's long-term credit rating from BB + to BBB- with a stable outlook. So the capital is already in the "investment ratings" group, announced Sofia Municipality.

The international rating agency S & P Global Ratings increased Bulgaria's long-term and short-term credit rating in foreign and local currencies to 'BBB- / A-3' from 'BB + / B'. An increased assessment of analysts reflects the strengthening of the country's external position as a result of the prolonged expansion of exports and the increase in savings.

S&P Global Ratings affirmed Saudi Arabia’s credit ratings on Nov. 20, saying the kingdom’s sweeping reforms could make it attractive to investors in the medium term despite underlying risks.

Standard & Poor's slashed China's credit rating on Sept. 21, warning that a prolonged period of debt growth had raised "economic and financial risks."

S&P, which downgraded China's debt from AA-minus to A-plus, is the second major credit ratings agency to slash the Asian giant's rating after Moody's made the same decision in May.

Turkish banking sector is regulated and monitored more favorable than emerging economies, but it is still reliant on short-term external debt, according to global rating agency Standard and Poor's.        

The Standard & Poor's (S&P) ratings agency kept Turkey's credit rating unchanged on May 5, declaring that its outlook remained "negative."

Turkey's foreign currency credit rating held steady at BB, while its local currency credit rating was also preserved at BB+.

Ratings on the country are supported by the government's low debt burden, the agency said in a statement.

U.S.-based credit rating agency Standard & Poor's (S&P) on May 5 affirmed Turkey's foreign and local currency ratings as outlook remained 'negative'.

The agency affirming the country's foreign currency rating as 'BB/B' and local currency sovereign rating as 'BB+/B', stating that the country's flexible exchange rate regime will enable the economy to adjust to external shocks.

The Romanian centre-left government's plan to borrow heavily to finance tax cuts, wage hikes and pay off older public debts worry experts and international financial institutions.

The number of countries with a top-notch sovereign credit rating fell to the lowest level in 13 years last year, the international rating agency Fitch said on Feb. 9.

"The number of Fitch-rated sovereigns with 'AAA' ratings is at its lowest level since 2003 and is expected to remain unchanged over the next two years," Fitch said in a statement.