Backpay for civil servants gets "positive" measures rolling for government
Appeals over past pension cuts sow confusion about potential fiscal impact of backpay
Revision confirms second year of total fiscal surplus at 0.8 pct of GDP
Moody's explains cautious approach to Greek credit rating upgrade
PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
Retail turnover in June grows strongly led by fuel and supermarket sales
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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