Tuesday November 25, 2014 Search
Weather | Athens
14o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Questions raised by Moody’s stance

 Agency chose not to revise Greece’s credit rating, retaining the country’s ‘selective default’ status

By Sotiris Nikas

Moody’s rating agency may not have changed its rating for Greece on Friday, but the markets did not appear inclined to wait for its announcement to display their own confidence in the country’s economy.

Ahead of the new bond issue expected in the coming week, the market kept the 10-year Greek bond’s benchmark rate at levels not seen in the four years since the country asked for an international bailout. Analysts are interpreting this as a vote of confidence in Greece’s achievements to date.

There are, however, certain questions that have arisen from Moody’s stance.

Moody’s also stated that the disbursement of the bailout installments improves the government’s liquidity before the expiry of state bonds within next month. The only danger the agency cited was the political risk, given the slim majority the government coalition has in Parliament.

Market experts note that Moody’s was not obliged to alter its Greece rating, and that the next dates a Moody’s announcement could be expected are August 1 and November 28. They add that with Thursday’s statement on the course of the local economy the agency feels it has covered the Greek issue and that it is not necessary to change the country’s rating.

Moody’s told Kathimerini on Friday that “if the agency decides to announce a change it will do so based on institutional obligations.”

ekathimerini.com , Friday April 4, 2014 (22:46)  
All three bids accepted in regional airport tender
DEPA facing 100-mln-euro fine to Gazprom
Manufacturing start made easier
Fewer shut shops in Athens city center this year
Gov’t plays down delay of capital revamp projects
Infrastructure Minister Michalis Chrysochoidis on Monday played down calls by the European Commission for two EU-subsidized regeneration projects for the broader Athens area to be postponed,...
Papandreou proposal sparks war of words inside PASOK
Controversial comments by former PASOK chief and ex-Prime Minister George Papandreou, effectively challenging Evangelos Venizelos’s leadership, have rival factions inside the once-dominant p...
Inside News
SOCCER
EPO ends soccer suspension, Super League resumes
Soccer action will resume this weekend after the Super League convened on Monday, elected a new president and alternate president and sent a letter to the soccer federation that assures it t...
BASKETBALL
Olympiakos ends PAOK´s unbeaten run in Basket League
Olympiakos put an end to PAOK’s unbeaten run in the Basket League with an emphatic win at the Peace and Friendship Stadium, leaving Panathinaikos as the only team with a perfect record so fa...
Inside Sports
COMMENTARY
Extremism from a bygone era
There are times when we seem to be overcome by self-destructive madness. I hear various commentators and politicians speaking in extreme terms of a junta, of defections, gallows, collaborato...
EDITORIAL
No call for more games
Psychological warfare has been a part of the negotiations between the troika and Athens from the very start of the crisis. But the situation is much different now and troika decision-makers ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. EPO ends soccer suspension, Super League resumes
2. All three bids accepted in regional airport tender
3. DEPA facing 100-mln-euro fine to Gazprom
4. Manufacturing start made easier
5. Fewer shut shops in Athens city center this year
6. BoG plans single ‘bad bank’
more news
Today
This Week
1. Scientists expand excavation of ancient Amphipolis
2. Greek officials to meek troika chiefs in Paris to break review stalemate
3. EU said to plan 21 billion-euro risk-sharing fund for investment
4. Police seek to name man who opened fire with AK47 at Piraeus bar
5. Biden informs Anastasiades about content of talks with Erdogan
6. Greece to scrap need for permits in some 900 professions
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Anti-junta uprising anniversary to be marked amid tight security
4. Every age has its collaborators
5. Give Greece a chance
6. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.