Posts Tagged ‘athens greece’

Fitch downgrades Greek sovereign debt

Linda Young – Fourth Estate Cooperative Writer Athens, Greece (4E) – Fitch Ratings downgraded the credit rating of Greece’s government again on Thursday. Greece’s credit rating dropped from a B- to a CCC, which puts it deeper into junk bond territory. That means many investors cannot buy Greek debt even if they thought it was […]

Alphabank and Eurobank merger to form the Greece’s largest bank

Diane Alter – AHN News Reporter Athens, Greece (AHN) – Greek stocks rose Monday on merger news that the nation’s second and third largest banks, Alphabank and Eurobank, agreed to combine in a deal that will create the nation’s largest bank. The announcement of the deal sent shares on the Athens Stock Exchange rising 10 […]

S&P cuts Greece credit ratings

Vittorio Hernandez – AHN News Athens, Greece (AHN) – Ratings agency Standard & Poor’s downgraded Greece’s credit ratings to B from BB- on Monday. Together with the cut in rating, S&P warned of the increased risk that Athens will take to restructure its $157.7 billion (EUR 110 billion) bailout package that may result in a […]