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Travel balance moderates in June as spending per trip drops by 6.2% YoY
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Q1 disposable income up 3.2% YoY, saving rate negative for six straight quarters
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CPI decelerates to 4.4% YoY in June, housing costs up 10.6%
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Scope leaves 'BBB' rating unchanged, outlook remains positive
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Moody's keeps rating unchanged at 'Baa3' and outlook stable
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DBRS leaves rating unchanged at 'BBB', cautions about risks and challenges
Investment grade boost visible in strong demand for Greek assets
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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