Greece continues debt management with swap of bonds worth 30 bln
Retail sales continue their rise in July as consumer confidence improves
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
Rating agencies concur in improved prospects for Greece
The June 15 Eurogroup agreement that concluded the protracted second review of Greece’s programme became the catalyst for the three main rating agencies to update their ratings, or the outlook, for the country.
Moody’s was the first to update Greece’s creditworthiness in its scheduled review, upping the rating by one notch to ‘Caa2’ with an improved outlook from stable to positive.
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