Moody’s: Greek debt relief package a credit positive event

25 June 2018
674 Views

Moody’s regards last week’s debt relief package for Greece, extended by its European institutional creditors, as a credit positive event, with the agency releasing a report on Monday morning.

“We expect the agreement to pave the way for the government to return to capital market funding on a sustained basis, a credit positive… We consider the package a significant benchmark in Greece’s ongoing recovery from its deep government debt, economic and banking crisis,” the Moody’s report stated.

Eurozone finance ministers at the Eurogroup setting on Friday approved maturity extensions on loans granted to Greece as part of the second bailout, as well as a 10-year deferment in most payments.

The international ratings agency said the thrice bailed out country would face only “very moderate” refinancing needs in the coming decade.

Moody’s rating for Greece is currently at B3 positive.

You may be interested

Teleworking in Greece extended until December 31st
GREECE
shares13 views
GREECE
shares13 views

Teleworking in Greece extended until December 31st

Panos - Nov 30, 2020

Teleworking for businesses able to implement distance working due to Covid-19 has been extended until December 31st, Greek authorities have decided. The…

PM Mitsotakis: Covid-19 vaccine free for the public
GREECE
shares26 views
GREECE
shares26 views

PM Mitsotakis: Covid-19 vaccine free for the public

Panos - Nov 30, 2020

Prime Minister Kyriakos Mitsotakis said that the Covid-19 vaccine would be given to the public free of charge during his…

Impressive joint Geek-Egyptian navy exercise sends message (photos)
GREECE
shares25 views
GREECE
shares25 views

Impressive joint Geek-Egyptian navy exercise sends message (photos)

Panos - Nov 30, 2020

The Greek and Egyptian navies conducted joint exercises on Saturday in the wider sea area south of Karpathos. The PASSEX…

Leave a Comment

Your email address will not be published.