Moody's Investor Service Ranks Greek Banks "Negative"
- Written by Maria Athens
The Greek banking system has received a "negative" status from Moody's Investor Service, due to its sharp downturn concerning liquidity and funding.
In a credit ranking analysis published today, the international bond credit agency of Moody's Corporation stated, "These pressures are unlikely to ease over the next 12-18 months and there is a high likelihood of an imposition of capital controls and a deposit freeze."
Moody's Investor Service also confirmed that over 30 billion euros worth of deposit outflows have been measured since last December.
Tagged under
Related items
-
War and Power in Classical Greece: Lessons for Superpowers and the World
-
Stournaras at the 22nd Capital Link conference: The Recovery Fund should be permanent and the banking union should be completed
-
The 22nd Annual Capital Link Invest in Greece Forum: "Greece – Looking Ahead With Confidence"
-
Ankara did not like the EU sanctions resolution
-
Greece ranks 5th in top tourism brands