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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
Yields rise, but Greek debt still partly shielded from market headwinds
In a global environment of rising sovereign bond yields as key central banks fight inflation with aggressive policy tightening, Greece is facing challenges not because it is a special case, but because the landscape appears to have shifted for the medium-term.
Following another significant rate rise of 75 basis points by the Fed yesterday, the yield curve of the US has inverted, with the short-term maturities exceeding 4 pct. The 2-year treasury is at 4.11 pct on September 22, while the 1-year treasury is at ...
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