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
S&P raises Greece’s rating by two notches in first upgrade since Sept 2014
Standard & Poor's raised Greece’s long-term rating by two notches from ‘CCC-‘ to ‘CCC+’ with a stable outlook on Tuesday.
Following a series of downgrades during the course of 2015, this is the first rating upgrade since September 2014 when the same rating agency upward revised Greece’s rating to ‘B’ on fiscal adjustment.
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