BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
PM unveils 'Greece 2.0' plan to use EU recovery funds, transform economy
Greek 30-year bond attracts strong demand at attractive yield
Finance Ministry grapples with escalating cost of pandemic
Pandemic drove 28.4 bln of bank loans into moratorium last year
Fitch keeps Greece at 'BB' rating as risks remain on horizon
S&P upgrades Greece to 'BB' with positive outlook in expectation of post-pandemic upside
In an unexpected move late on Friday night, S&P upgraded Greece’s rating by one notch to ‘BB’ from ‘BB-‘, while also revising upward its outlook from stable to positive.
The ratings agency had not taken any significant action on Greece since October 2019, when it had lifted the rating to ‘BB-‘ with positive outlook. Last April, it revised Greece’s outlook to stable from positive.
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