Fitch

Cyprus faces a challenging time as it navigates plans for a foray into the financial markets.

Greece "is only one notch below investment-grade status," a performance that is expected to attract more inward investment, Prime Minister Kyriakos Mitsotakis has told students at the University of Tokyo's School of Public Policy.

Maribor – Ratings agency Fitch has upgraded the long-term credit risk for NKBM, Slovenia’s second largest ban, from BB+ to BBB- with a stable outlook, citing the completion of the merger with Abanka, firm capital position and low share of non-performing loans.

Bucharest, April 20 /Agerpres/ - The Social Democratic Party (PSD) claims that the rating agencies give minus marks to Romania and shows the disaster created by the National Liberal Party (PNL) Government, and the current Government has not taken any measures to stimulate or protect the population.

Ratings agency Fitch has upgraded Greece's sovereign credit status as the country heads toward an end to eight years of international bailout programs.

The agency announced late on Friday that it had raised the country's rating from 'B-' to 'B' with a positive outlook, citing Greece's improved adoption of reforms and a path to growth in 2018.

Fitch credit ratings agency has upgraded the Greek banks in light of the recent deal at the EuroGroup and the completion of the second review. Fitch has affirmed the Long-Term Issuer Default Ratings (IDRs) of National Bank of Greece S.A. (NBG), Alpha Bank AE (Alpha), Piraeus Bank S.A. (Piraeus) and Eurobank Ergasias S.A. (Eurobank) at ‘Restricted Default’ (RD).

Saudi Arabia on March 22 lost its high-quality credit rating from the Fitch agency, which lowered the kingdom a notch because of worsening public finances as the oil price wobbles.

Dropping its notation from AA- to A+, Fitch said it was doubtful whether Saudi Arabia could implement its reform program after a "significantly wider than expected fiscal deficit in 2016."

By John Geddie

Greek bond yields edged up on Monday as investors cautiously waited to see whether Athens would come up with a list of reforms sufficient to unlock much-needed bailout cash.

The credit rating agency Fitch has warned that prolonged political uncertainty in Greece could hurt the country's sovereign rating, after a snap general election was called for Jan. 25.

Bulgaria's "Mom" Brussels and its "Dad" Washington had warned Bulgaria to suspend its funding if it allows South Stream on its soil, Russian news agency RIA wrote on Friday.