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Moody's leaves Greece's rating unchanged, one notch from investment grade
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Investment grade boost visible in strong demand for Greek assets
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Labour database shows 8 in 10 workers earn less than 1,200 per month
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Investment grade rewards evident in first bond issuance of 2024, attracting record demand
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PDMA taps markets for first time this year via modest bond reopening
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Greece aims to replicate last year's successful debt strategy in 2024
Rating agencies positive on disbursement, stress programme implementation risks remain high
Rating agencies welcomed the Eurogroup’s decision to approve the disbursement of 10.3 billion euros to Greece and to provide a road map on debt relief, while they stressed that the programme implementation risks remain high.
Moody’s noted that both actions are credit positive as they alleviate the risk of a liquidity squeeze and signal a growing consensus on debt relief. However, on the back of a small governing majority, weak institutions and backdrop of political and soci...
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