Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
New government sets sights on sustainable and wide-reaching tourism industry
Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Bonds enjoy great buoyancy but remain some distance from investment grade
Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Talks to begin on plan to rescue PPC from dire financial straits
Fitch keeps Greece’s rating at ‘CCC’
Fitch affirmed Greece’s rating at ‘CCC’ in its scheduled rating review published on Friday evening. The rating agency’s baseline scenario is that an agreement will be reached between the Greek government and creditors.
Specifically, Fitch believes that the eurozone would be prepared to proceed and disburse the next bailout tranche without IMF involvement taking into consideration that the Greek government is compliant with the European Stability Mechanism (ESM) progra...
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