BoG highlights how Covid-19 compounds legacy issues and structural challenges
Greece issues new 10 yr bond as investor appetite returns
ECB boost for Greek debt as authorities ponder new market foray
Athens welcomes volume, form of Commission's pandemic recovery plan
EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
Moody’s upgraded Greece’s credit rating by two notches on Friday, taking it to ‘B1’, from ‘B3’ previously, with a stable outlook, from positive.
Contrary to expectations in September, Moody’s did not take any rating action and opted for a more cautious approach, as Greece was also amid discussions with its lenders to finalise the budget for the new year by avoiding the pre-legislated pensions cuts.
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