S&P sees improved fiscal and growth prospects, raises credit rating to 'B'
BoG sees recovery strengthening, proposes post-MoU safety net
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
Moody’s affirms Greece’s rating at Caa3 with stable outlook
In its scheduled rating review, Moody’s affirmed Greece’s rating at ‘Caa3’ with a stable outlook.
The rating incorporates a high level of implementation risk given Greece’s weak institutions, social and political fragmentation as well as historically weak reform track record.
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