U.S. Treasury Secretary Jack Lew said on Thursday that easing Greece's fiscal surplus targets is one of several different ways that the country could achieve a more sustainable path for its debt, but declined to specify an alternative target.
Conditions in Greece have stabilized under the third bailout program and support the stable outlook on Greece's ‘Caa3’ rating, Moody's Investors Service said in its annual credit analysis on Greece published on Monday.
Difficult to guage how restrictions on cash movements have affected economy, analysts say
By Magda Panoutsopoulou, Anadolu Agency
Fitch Ratings 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). At the same time the agency has affirmed the four Greek banks' Viability Ratings (VRs) at 'f'. A full list of rating actions is available at the end of this rating action commentary.