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Moody's ups GGB rating by two notches, on par with S&P and Fitch
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Return to investment grade overshadowed by flood destruction
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Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
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New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
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Bond re-opening with 4 pct yield completes debt strategy for year
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Fitch takes no rating action as fiscal continuity remains crucial to investment grade
Why did Greece return to bond markets now? Was it the right decision?
Greece made what many commentators regarded as a spectacular comeback to international bond markets this week after four years in “exile,” as Prime Minister Antonis Samaras described it.
The placement of the 3-billion-euro, 5-year bond in a syndicated sale was declared a success. It was heavily oversubscribed and the yield of 4.95 percent was notably lower than had been expected even a few days earlier.
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