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
Retail sales continue their rise in July as consumer confidence improves
Rating agencies concur in improved prospects for Greece
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Greece continues debt management with swap of bonds worth 30 bln
Greece’s Public Debt Management Agency (PDMA) announced on Wednesday that it was inviting holders of bonds that were exchanged as part of the Private Sector Involvement (PSI) in March of 2012 to swap them with five new securities that mature between 2023 and 2042.
Following a successful swap of one bond issue during the summer, the Greek government is continuing with the implementation of the liability management that was outlined in the draft budget tabled in Parliament last month.
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