Tuesday, July 21, 2015

S & P raised the credit rating of Greece by two notches – RBC

Photo: Oleg Yakovlev / RBC

To change the credit rating of Greece, according to Bloomberg. In addition, S & amp; P affirmed the short-term rating of Greece at the P with a stable outlook.

When rating of CCC + risk in borrowing countries rated as “very high».

A day earlier, 20 July, the receipt of payments from Greece reported the International Monetary Fund and European Central Bank. The IMF received from Athens € 2 billion, and the ECB – € 4,2 млрд (without this payment, the bank would have to cut off aid to Greek banks under the program to provide emergency liquidity).

At the end of June and beginning of July, S & amp; P and Fitch downgraded Greece on the background of expected default and exit from the euro zone countries.

July 16 euro zone finance ministers agreed on the allocation of Greece’s € 7 billion as a bridge loan. Before that, the Greek parliament passed a package of laws under the agreement with international lenders, which related to the pension reform and drastic budget cuts.

Last week, Greece reached an agreement with creditors, under which the country for three years will receive financial assistance in the amount of € 86 billion. At the same time Greece will establish a special fund of state assets by € 50 billion, followed by the sale.

July 20 after three weeks of forced vacation Greek banks have opened. Credit institutions were closed on the day after the Greek prime minister, Alexis Tsipras announced a referendum on the conditions of international creditors.

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