Rating agencies concur in improved prospects for Greece
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Greece completes first bond issue in three years, eyes more on way out of programme
Greece announces return to markets with 5-year bond, mostly targeting swap
Travel receipts edge up 1.7 pct in May on higher foreign arrivals
S&P revises Greece outlook to positive, affirms 'B-' rating
October revenues reverse earlier shortfall, annual primary surplus in sight
The budget execution to October showed revenues beating monthly targets by 761 million euros for the fourth straight month. Furthermore, the year to date previous revenue shortfall, which peaked to 1.61 billion euros at the end of June, turned to a small surplus of 51 million at the end of October for the first time so far in 2013, according to the preliminary data released by the Ministry of Finance (MoF) today.
Following a relatively stronger fiscal performance compared to the previous month, Greece exhibited a primary deficit at 40 million euros in October from 229 million in September, mainly owed to higher revenues more than offsetting a hike in interest pa...
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