OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
Govt augments support for businesses, workers as total outlay on economic boost reaches 6.8 bln
Greece braces for recession, hopes to bounce back from summer onwards
BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy
Fitch affirms Greece’s rating at ‘CCC’
In its scheduled review published on Friday evening, Fitch affirmed Greece’s rating at ‘CCC’. It is worth noting that S&P has the highest rating (B-) on Greece, three notches above that of Moody’s (‘Caa3’) and two notches higher than Fitch.
The rating agency commented that the fiscal performance in the course of this year is consistent with the primary surplus target of 0.5 percent for 2016, but the succeeding two years’ fiscal targets will be progressively more difficult to be met.
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