PDMA releases details of 10-year bond, highlighting strong interest
Greece attracts strong interest and yield below 4 pct for first 10-year bond since 2010
Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
EC report notes economic imbalances and outlines remedies
Athens starts MTFS process with baseline scenario that sees growth slowing down
Fitch keeps Greek rating stable at 'BB-' but sees growth momentum building
Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
A report by Fitch ratings agency estimates the 25 billion earmarked in the Euro Summit statement of July 12 for Greek bank recapitalisation should be sufficient unless deferred tax assets (DTA) cease to be counted as core capital.
Under those assumptions, Fitch calculates Greek banks would face a capital shortfall of 11.2 billion euros.
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