Moody's ups GGB rating by two notches, on par with S&P and Fitch
Return to investment grade overshadowed by flood destruction
Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
Bond re-opening with 4 pct yield completes debt strategy for year
Fitch takes no rating action as fiscal continuity remains crucial to investment grade
New obstacle for privatisations as court blocks sale of water firm
Greece’s highest administrative court has blocked the sale of the Athens water company, raising new questions about whether the government can meet its revised privatisation targets.
The Council of State ruled on May 25 against the privatisation of Athens Water Supply and Sewerage (EYDAP). In addition, the transfer of a 34.03 percent stake in EYDAP from the Greek state to the Hellenic Republic Asset Development Fund (HRADF) was bloc...
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