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Athens Macedonian News Agency: News in English, 14-08-18
CONTENTS
[01] Moody's upgrades 20 Greek notes
[01] Moody's upgrades 20 Greek notes
ANA-MPA - Moody's upgraded 20 notes, affirmed one and placed one note
on watch for upgrade in nine Greek structured finance transactions,
in a decision announced Monday.
In its announcement, the credit rating agency said the decision "follows
Moody's raising of its country ceiling on Greece to Ba3 from B3 and its
upgrade of Greece's sovereign rating to Caa1 from Caa3" and added it had
also reassessed collateral performance and revised portfolio assumptions
in three transactions.
The raising of Greece's country ceiling to Ba3 reflects the improvement
in Greece's economic outlook, the significant improvement in Greece's
fiscal position over the past year and the government's reduced interest
burden and lengthened maturities of the debt.
The list of affected ratings include those issued by Estia Mortgage
Finance II PLC; Grifonas Finance No. 1 Plc; KION Mortgage Finance Plc;
Themeleion II, Themeleion III and Themeleion IV Mortgage Finance Plc;
Themeleion Mortgage Finance PLc; EPIHIRO Plc and Titlos Plc.
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