Credit rating agency

Moody's kept Greece's sovereign credit rating unchanged at B3, with a positive outlook, in a credit opinion it issued on Wednesday.

International rating agencies have been making intense efforts to create a pessimistic view of Turkey's banks, Treasury and Finance Minister Berat Albayrak said on Aug. 31, but added that the government vowed "to stand by its financial institutions."

Two major global ratings agencies lowered Turkey's ratings Aug. 17, saying they could be upgraded with certain economic improvements.

SOFIA (Bulgaria), August 9 (SeeNews) - S&P Global Ratings said on Thursday that it has raised its long-term issuer credit rating on Bulgaria's National Electricity Company, NEK, to 'B+' from 'B' with stable outlook.

A local credit rating agency will direct foreign investments to Turkey in the coming years, chairman of the Participation Banks Association of Turkey has said.

S&P Global Ratings said on Friday it raised its outlook on Greece to positive from stable while affirming its B-plus/B ratings.

The outlook reflects a potential upgrade if Greek authorities were to boost competition in product markets, strengthen property rights, ease bankruptcy procedures and improve the enforcement of contracts, S&P said.

The Turkish Lira has slid to a fresh historic low of 4.64 against the dollar following a statement from the credit rating agency Fitch on May 22.

Ratings agency S&P has upgraded Egypt's debt grade by one notch, citing stronger economic growth and moderating inflation.

Turkish President Recep Tayyip Erdogan took a fresh swipe at rating agencies on Friday over the recent downgraded and the negative outlook they have assigned for the Turkish economy, using "bankrupt" Greece as an example.

The Czech energy group "Energo-Pro", which owns the electricity distribution network in Northeastern Bulgaria, has emitted
eurobonds for 250m euros in London, of which Bulgarian financial institutions have bought bonds for over € 15 million. This was announced by the company on Friday.