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
Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Fitch upgraded Greece’s credit rating on Friday by one notch to ‘BB’ and revised upwards its outlook to positive, bringing the country just two notches away from investment grade.
The upgrade now puts Fitch ahead of the other leading agencies, with S&P one notch behind at ‘BB-‘ and Moody’s at ‘B1’, which is the ‘B+’ equivalent. S&P has positive outlook, Moody’s is stable.
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