The collapse of British tour operator Thomas Cook is “credit negative” for Greek and Cypriot banks because it reduces the cash flow of businesses in the tourism sectors of these countries, ratings agency Moody’s said in a report on Thursday. “The compulsory liquidation of Thomas Cook and the resultant decline in tourism revenue and investment … The post Moody’s: Thomas Cook liquidation is “credit negative” for Greek, Cypriot banks appeared first on Keep Talking Greece.
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