(Visited 14 times, 1 visits today)
(Visited 14 times, 1 visits today)

Moody’s: The foreclosure protection bill is credit positive for Greece

The revised household insolvency law is credit positive for Greece and its banks according to Moody’s.

Moody’s argues that the new law tightens the eligibility of borrowers to obtain protection from foreclosure. At the same time, it helps to gather data while the automated application procedure provides transparency in addressing non-performing loans.

According to the rating house, the law removes a disagreement with the country’s creditors, which have delayed disbursement of 1 billion euros promised to Greece in return for continued strong reform implementation.


(Visited 14 times, 1 visits today)

Read more:
Trastor REIC issues two bonds up to €51 m

Trastor REIC has signed two programs for the issuance of Common Bond Loans, secured by post-insurance contracts, primary disposal and...

Close