Deposit outflow at 550 mln in Oct, led by a decline in corporates
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
S&P leaves Greece a notch away from investment grade as outlook blurs
Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Yields rise, but Greek debt still partly shielded from market headwinds
S&P dashes Greece's hopes for an upgrade
Despite initial government expectations for an upgrade, Standard and Poor’s (S&P) affirmed today Greece’s rating at ‘B-/B’ and stable outlook.
According to S&P, the rationale of Greece’s rating reflects its view of high (albeit long-dated) debt burden and onerous external debt position (400 percent of current account receipts in 2014) against relatively high (although still falling) GDP per ca...
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