Are things looking up for Greece's privatisation programme?

Economy Tags: Privatisations

In its latest weekly credit outlook published on Monday, Moody’s said that the “Greek privatization program looks to exceed targets by year-end, a credit positive (for the sovereign)”. This is the first positive comment on privatizations by a rating agency after years of setbacks and underperformance.

Moody’s statement refers to an agreement on the privatization of assets worth 1.3 billion so far this year covering the majority of 2014 target of 1.5 billion. The bulk of the 1.3 billion is mainly related to the sale of three assets, namely Hellinikon ...

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