May 30, 2018 at 06:39 PM CEST THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES AMENDMENT TO THE MAY 2018 INDEX REVIEW FOLLOWING SUSPENSIONS OF SECURITIES The following securities of the MSCI Global Investable Market Indexes with May 2018 Semi-Annual Index Review (SAIR) related changes were suspended from trading on May 30, 2018. The list may also include securities for which the suspension treatment was already announced by MSCI on a previous day due to market holidays. -------------- Country | Name -------------- GR | FF GROUP -------------- MSCI will apply its policy regarding trading suspensions for individual securities during Index Reviews for securities included in this list. Regardless of whether these securities resume trading before June 01, 2018 or not, MSCI will still apply this suspension treatment. According to Appendix VIII of the MSCI Global In...
S&P upgraded Ellaktor’s long-term credit rating to 'B' from 'B-' with a positive outlook. The upgrade reflects the improved macroeconomic and policy environment in Greece leading to further strong traffic growth in group’s mature toll road concessions, along with rising construction revenues and margins. S&P predicts group adjusted debt to EBITDA ratio to remain at 4.0x-5.0x over 2018-2020 from 6.5x at year-end 2016. The rating agency also notes that it waits for more details of new management’s reorganisation plan.
According to electricity market operator’s (LAGIE) latest report for electricity market, PPC’s retail market share in April fell to 82% from 82.75% in March. The three largest independent retailers (Heron 3.98%, Elpedison 3.63% and Mytilineos 3.72%) witnessed small changes in their market shares. Recall that PPC’s market share (according to targets set by the MoU signed between Greece and foreign creditors) should fall below 62.24% by the end of 2018 and below 50% by the end of 2019, however it is likely that these targets will be revised upwards as creditors appear to accept Energy Ministry’s proposal to exclude HV and energy intensive MV customers from the market share calculation.
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