-
Moody's ups GGB rating by two notches, on par with S&P and Fitch
-
Return to investment grade overshadowed by flood destruction
-
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
-
Markets buoyed by election result
Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
After the R&I rating agency of Japan, it was Scope Ratings from Germany on Friday that moved Greece up by one notch to ‘BBB-‘, which is within the investment grade category, with a stable outlook, although both of the agencies are not part of the four agencies that the ECB has endorsed for its policy decisions.
For many market participants the two upgrades set the tone of what is to be expected for Greece’s rating reviews during the cycle that is due in the second half of the year.
You need a subscription to access our analysis. Please choose one of the packages available.
Full Access
A tailor-made service for professionals
Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.
Free Access
Read some of our analysis for no charge
By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.
Standard Access
Our analysis and data at your fingertips
Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.
€500.00