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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
High participation in bond swap provides end of year boost

The Public Debt Management Agency (PDMA) announced on Tuesday the preliminary results of the bond swap offer that it announced last week, giving Greece’s debt managers one more confidence boost this year.
Last Monday, the PDMA announced an invitation to bondholders of certain GGBs that mature between 2023 and 2042 to be exchanged with four benchmark notes that mature in 2027, 2033, 2037 and 2042 as part of a liability exercise.
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