Investment grade boost visible in strong demand for Greek assets

Economy Tags: Debt, Markets, Ratings
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The benefits that were widely anticipated from Greece securing the investment grade have become tangible over the last few months, at least on the demand side for Greek assets, including the sovereign, banks, and state assets.

Fitch was the latest agency to grant GGBs the investment grade at the start of December, leaving Moody’s as the only leading agency that has Greece one notch below, although it did up Greece’s rating by two notches in September. 

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