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> Economy

Moody’s & Fitch: The sweet or sour November

How will Fitch and Moody's will react to the latest Greek reviews?

Newsroom November 17 02:16

Although the news of an upgrade would be ideal for the economy and the stock market right now, it is difficult to make any predictions  about the 2 reviews that Greece expects in November. One on the 21st from Fitch and a second on the 28th of Moody’s.

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However, the image of the government’s weakness, the submission of the pending budget and the uncertainty as to when Troika will complete the evaluation as well as “open” debt issues, are estimated to overshadow the positive fact of the return of Greece to development.

Estimates indicate that the subsequent reactions of both Fitch and Moody’s  will be made from 2015 onwards, where they will have a more clear picture. Until then they will both keep a wait.

Some of the critical factors are: Partners support  for a ‘safe’ exit from the Memorandum, debt relief, stable and strong government regardless of who it is and improved figures.

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