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      Instrument data
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      GR0138005716
      Coupon percent
      3%
      Coupon type
      Variable: Step Up/Step Down
      Instrument volume
      2,836,034,104
      Maturity date
      24/02/2033
      -
      BBB- Outlook: Stable
      BBB- Outlook: Stable
      Latest change
      Upgrade
      04/08/2023
      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 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