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Fitch keeps Greece at 'BB' rating as risks remain on horizon As was broadly expected, on Friday night Fitch kept Greece’s credit rating and outlook unchanged, at ‘BB’ and stable.
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Economy
Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead In an unexpected move on Friday night, Moody’s upgraded Greece’s credit rating by one notch to ‘Ba3’ from ‘B1’, while it kept the outlook stable.
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Economy
Greece draws strong interest, attractive yield by re-opening 10-year bond Greece completed on Wednesday the fourth market foray of the year by reopening the 10-year GGB that it had issued in June, after a successful syndication earlier in the summer and a strong performance in the secondary market.
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Economy
Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020 Fitch re-affirmed Greece’s credit rating to ‘BB’ on Friday night, maintaining the stable outlook.
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Economy
Greece issues new 10 yr bond as investor appetite returns Greece completed its third market foray for the year by issuing a 10-year bond of 3 billion euros. The coupon was 1.5 pct and the yield settled at 1.57 pct, suggesting a re-offer price of 99.375. The spread was close to 188 basis points.
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Economy
S&P keeps Greece at 'BB-' but revises outlook to stable on Covid-19 concerns In its regular rating cycle, S&P re-affirmed Greece’s credit score to ‘BB-‘, while it revised the outlook from positive to stable.
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Economy
Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact Fitch published on Thursday night a rating review for Greece outside its regular schedule in which the outlook for the country was revised from positive to stable, re-affirming the rating of ‘BB’ that it had granted in the end of January.
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Economy
Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest Greece completed on Wednesday its first transaction to boost its cash reserves amidst the pandemic crisis by issuing a 7-year bond that raised 2 billion euros.
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Economy Greece heads back to markets with 7-year bond in bid to boost own funds Greece wants to signal to international markets that despite the heavy toll the pandemic is expected to inflict on the Greek economy, it can move ahead with its debt strategy.
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Economy
ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy After seeing its sovereign debt market decimated within a period of four weeks, Greece breathed a sigh of relief on Wednesday night when the ECB announced that it will include the country in its Pandemic Emergency Purchase Programme (PEPP).