Rating agencies: Greece slips deeper into the garage area – FAZ – Frankfurter Allgemeine Zeitung

Rating agencies: Greece slips deeper into the garage area – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          The Greek creditworthiness, it is not far away.
     

 
                                           
 
 
     
     
     
         
         
                                                             

Given the ongoing uncertainty in the debt dispute between Greece and the other euro countries is growing pressure from rating agencies on the government in Athens. The US rating agency Standard & amp; Poor’s (S & P) lowered the credit rating of Greece on Friday night. The assessment was from “B” to “B-” downgraded, said S & amp; P. As a basic liquidity problems of Greek banks were given. Furthermore, increases in lengthy negotiations with international donors threaten financial stability. It threatened outflows and in the worst case capital controls and an exit from the monetary union.

                         
         
         
                                                             
                                 

The rating agency Moody’s said it was consideri ng a downgrade of Greece. “The main reason for considering a downgrade is the high degree of uncertainty about the outcome of the negotiations between Greece and its creditors,” said Moody’s. Athens should agree in the coming weeks with its lenders, would the risk of bankruptcy “significantly increase”. S & P had threatened in January before the election victory of the left SYRIZA coalition with a downgrade

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No other country in the euro zone is poorly rated as Greece. The Moody’s rating (“Caa1″) is still a step below the S & amp; P. The worse the credit rating agencies evaluate the creditworthiness of a country, the more difficult can usually get fresh funds in the capital market the country.

                         
         
         
                                                                                                                                                                                                                               

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The government of Prime Minister Alexis Tsipras rejected numerous reforms that Greece return for billions in loans from the euro had agreed -Partnern and the International Monetary Fund. The state is at its funders with around 240 billion euros in debt. With the downgrading of the return on the capital market is likely to move further into the distance. In response to the decision of the euro fell further.

                         
         
         
                                                             

The Greek Finance Minister Yannis Varoufakis had brought about credits into the game, replacing the current aid packages of the troika of the EU, ECB and International Monetary Fund (IMF) and to give time to fundamentally rethink the aids. The current utility runs only until the end of February, the new left-wing government in Ath ens rejects the austerity and reform requirements contained therein but from.

                         
         
         
                                                             

The finance ministers of the 19 euro countries want on Wednesday advised the day before the EU summit, in a special meeting on Greece.

                                                                             
 
  

 
 
 
                       

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Debt Crisis

Greece slips deeper into the garage area

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That threat of a Greek default, keep the major rating agencies increasingly likely. S & P downgraded the rating down another agency threatened to take this step. No other euro country is so bad there.

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