Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
PMI rises to 50 points in September, signalling stabilisation
BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Greece draws strong interest, attractive yield by re-opening 10-year bond
Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
OECD releases new outlook calling for sustained reforms post Covid-19
Are things looking up for Greece's privatisation programme?
In its latest weekly credit outlook published on Monday, Moody’s said that the “Greek privatization program looks to exceed targets by year-end, a credit positive (for the sovereign)”. This is the first positive comment on privatizations by a rating agency after years of setbacks and underperformance.
Moody’s statement refers to an agreement on the privatization of assets worth 1.3 billion so far this year covering the majority of 2014 target of 1.5 billion. The bulk of the 1.3 billion is mainly related to the sale of three assets, namely Hellinikon ...
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