Browse through our Interesting Nodes Collection A)? GHT="50">
Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Saturday, 24 August 2019
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens Macedonian News Agency: News in English, 13-11-30

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Moody's upgrades Greece to Caa3 from C

  • [01] Moody's upgrades Greece to Caa3 from C

    ANA-MPA - Moody's credit rating company upgraded Greece's government bond rating to Caa3 from C on Friday, with a stable outlook.

    In an announcement, it said that the short-term ratings remained Not Prime (NP).

    Among the reasons for the upgrade, Moody's Investors Service cited "the significant fiscal consolidation that has taken place under Greece's structural adjustment programme despite low growth and political uncertainty," and assessed that "the government will achieve (and possibly outperform) its target of a primary balance in 2013, and record a surplus in 2014 in accordance with the adjustment programme."

    Other reasons also included improvement in Greece's medium-term economic outlook supported by a cyclical recovery in the economy; progress made in implementing structural reforms and rebalancing the economy; and the significant reduction of the government's interest burden following previous restructurings and official sector repayment assistance.

    "The key drivers taken together reduce the likelihood of further Private Sector Involvement (PSI) being undertaken as a condition for further financing," it said, adding, "Concurrently, Moody's has today raised the local and foreign-currency ceiling of Greece to B3 from Caa2.

    Greece had been assessed with a C rating in May 2012.


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright 1995-2016 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Saturday, 30 November 2013 - 13:38:07 UTC