High participation rate helps bond swap tick box
Greece continues debt management with swap of bonds worth 30 bln
Retail sales continue their rise in July as consumer confidence improves
Rating agencies concur in improved prospects for Greece
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Greece completes first bond issue in three years, eyes more on way out of programme
Fitch keeps Greek rating at 'B' with stable outlook
Fitch affirmed Greece’s rating at ‘B’ with a stable outlook in its scheduled sovereign update on Friday, This was the second rating action by Fitch within 2014 following the upgrade by one notch with a stable outlook on May 23.
The rating agency expects the current troika review to be completed by the end of the year, but notes that there is some risk it may slip into early 2015. On political developments, Fitch indicates that an early election in the first quarter of 2015 is ...
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