Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
New government sets sights on sustainable and wide-reaching tourism industry
Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Bonds enjoy great buoyancy but remain some distance from investment grade
Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Talks to begin on plan to rescue PPC from dire financial straits
Moody's upgrades Greek rating by two notches to Caa1 - here's why
Moody’s upgraded Greece’s government bond rating by two notches on Friday, raising it to Caa1 from Caa3, where it had been placed on November 29, 2013. The outlook on the rating is stable.
This is Greece’s second rating upgrade, following that Fitch’s decision to increase it by one notch on May 23. Moody’s had postponed its previous rating action on Greece, which was due on April 4, but upgraded Greek banks’ outlook to stable from negativ...
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