Moody's

Moody's Investors Service changed on December 11 Romania's rating outlook from stable to positive and affirmed the country's sovereign rating at Baa3 (investment grade), the Public Finance Ministry announced on Saturday.

Turkey's agenda since the election has been dominated by escalating geopolitical risks. 

Turkey's credit outlook will hinge on the new government's ability to tackle slowing growth and high inflation as credit risks of the country still remain, ratings agency Moody's said on Nov. 4.

The Justice and Development Party (AKP) won back its single-party rule in an election on Nov. 1, ending months of uncertainty for investors and briefly sending assets sharply higher.

Constantinos Kypreos, Vice President - Senior Credit Officer at Moody's Investors Service, argued that the Bulgarian banking system is on a slow path to recovery after the crisis experienced with the collapse of Corporate Commercial Bank (KTB) in 2014.

The rating agency Moody's has decreased the deposit rating of Bulgarian DSK Bank to Ba2/Not-Prime as well as the deposit rating of Reiffeisen Bank to Ba3/Not-Prime.

Their perspectives for development have been further decreased to ''stable''.

A month ago Moody's confirmed Bulgaria's rating of Baa2 with a stable perspective.

Moody's Investors Service has said its outlook on Greece's banking system is ?negative,? owing to acute deterioration in funding and liquidity.

?These pressures are unlikely to ease over the next 12-18 months and there is a high likelihood of an imposition of capital controls and a deposit freeze,? the credit ratings agency said in a report released Wednesday.

Moody's rating agency downgraded on Wednesday Greece's government bond rating to Caa2 from Caa1, with a negative outlook.