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International rating agency Standard & Poor's raised Greece's credit rating from B to B + with a positive outlook. Analysts of the agency, noting the continued high level of public debt in Greece, pointed to an improvement in the balance of risks of the country's creditworthiness. In their opinion, the growth of the rating of Greece will be facilitated by an increase in foreign investment in the country, as well as the recovery of the Greek banking system. As reported earlier by the European Commission, the financial crisis around Greece is over, and in August 2018 the country for the first time since 2010 will have to independently enter the financial markets.
Banks in Hong Kong are faced with two quarters of slow loan growth and declining asset quality due to the coronavirus outbreak’s impact on consumer banking. The Asian financial hub, including HSBC and Standard Chartered, are experiencing ...
The sovereign rating of Turkey from the international agency Moody’s Investors Service has been lowered from “Baa3” to “junk” “B1” level. The rating outlook remained “negative”. The change ...
Standard Chartered reported that it had separated the direct investment management unit, and also agreed to sell the majority of its direct investment portfolio to funds that are managed by ICG Strategic Equity, finversia.ru writes. The report ...
Japanese telecommunications corporation SoftBank Group is preparing for an IPO of its mobile division, setting a preliminary offering price of shares at the level of 1,500 yen per unit. Bloomberg reported that the established share price coincides ...
The Fitch Bohua division of the international rating agency Fitch Ratings begins its work in China. According to the agency, the division, whose CEO is Danny Chen, the Fitch's top-manager in China, will serve the domestic market of mainland ...
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