Announcements

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      Instrument data
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      GR0133007204
      Coupon percent
      3%
      Coupon type
      Variable: Step Up/Step Down
      Instrument volume
      2,836,034,104
      Maturity date
      24/02/2029
      -
      BBB Outlook: Stable
      BBB Outlook: Stable
      Latest change
      Upgrade
      06/12/2024
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Dennis Shen Lead analyst
      Dr. Giacomo Barisone Committee chair
      Scope upgrades Greece's ratings to BBB and revises the Outlooks to Stable

      6/12/2024 Rating announcement EN

      Scope upgrades Greece's ratings to BBB and revises the Outlooks to Stable

      Declining public debt, improved banking-system resilience and stronger trend growth drive the upgrade. Still-elevated government debt and structural economic weaknesses remain credit constraints.

      Scope affirms Greece’s BBB- ratings and revises Outlook to Positive

      12/7/2024 Rating announcement EN

      Scope affirms Greece’s BBB- ratings and revises Outlook to Positive

      Declining public debt, improved banking-system resilience and favourable structural-reform momentum drive Outlook revision. Very elevated government debt and sustained structural economic weaknesses remain credit constraints.

      Scope upgrades Greece's long-term credit ratings to BBB- and changes the Outlook to Stable

      4/8/2023 Rating announcement EN

      Scope upgrades Greece's long-term credit ratings to BBB- and changes the Outlook to Stable

      Strengthening of European institutional support, a favourable trajectory of government debt and banking-sector reforms drive rating upgrade. High government debt, policy risks longer run and banking-system fragilities are challenges.

      Scope affirms Greece's BB+ long-term credit ratings and revises Outlook to Positive

      2/12/2022 Rating announcement EN

      Scope affirms Greece's BB+ long-term credit ratings and revises Outlook to Positive

      Strengthening of European institutional support, a favourable trajectory of government debt and banking-sector reforms drive Outlook revision. Very high government debt, banking-system fragilities and structural economic bottlenecks remain challenges.

      Scope upgrades Greece's long-term credit rating to BB+ and revises the Outlook to Stable

      10/9/2021 Rating announcement EN

      Scope upgrades Greece's long-term credit rating to BB+ and revises the Outlook to Stable

      European institutional support, improvements in the profile of government debt and structural reform drive the ratings upgrade. Very elevated government debt levels, banking-system fragilities and structural economic bottlenecks remain ratings challenges.

      Scope upgrades Greece’s long-term credit rating to BB from BB-, Outlook remains Positive

      18/10/2019 Rating announcement EN

      Scope upgrades Greece’s long-term credit rating to BB from BB-, Outlook remains Positive

      Reform continuity and improved medium-term public debt sustainability drive the upgrade; high ratio of non-performing loans in Greek banks and weak long-term macroeconomic sustainability are constraints.

      Scope upgrades Greece’s long-term credit rating to BB- from B+, Outlook Positive

      10/5/2019 Rating announcement EN

      Scope upgrades Greece’s long-term credit rating to BB- from B+, Outlook Positive

      Strengthened cash flow profile and debt repayment capacity, improving medium-term public debt sustainability and sustained reforms drive the upgrade; elevated financial stability risks and weak macroeconomic sustainability are constraints.

      Scope upgrades Greece’s long-term credit rating to B+ from B- and changes the Outlook to Positive

      18/5/2018 Rating announcement EN

      Scope upgrades Greece’s long-term credit rating to B+ from B- and changes the Outlook to Positive

      Compliance with the adjustment programme, improved budgetary performance, economic stabilization and a more favourable policy environment drive the upgrade; fragile public debt sustainability and economic growth prospects are constraints.

      Scope upgrades and publishes Greece’s credit rating to B- from CC and changes Outlook to Stable

      30/6/2017 Rating announcement EN

      Scope upgrades and publishes Greece’s credit rating to B- from CC and changes Outlook to Stable

      Euro area membership, compliance with adjustment programme, improved budgetary performance, and preliminary signs of economic stabilization drive the upgrade; high public debt, fragile recovery prospects and banking sector risks are constraints.

      Date Title