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DBRS leaves credit rating of 'BBB' and stable outlook unchanged
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Credit to corporations contracts in July, bringing total loans down 1.27 bln MoM
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Greece digests EU-US trade deal amid mixed reaction
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Jump in corporate deposits takes balance to highest since Jan 2011
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Car registrations rise by 13.5 pct YoY in May to highest since 2010
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Finance Ministry seeks solutions to address growing housing problem
Scope leaves rating unchanged at BBB-, ups outlook to positive due to solid fiscal performance
Scope Ratings kept Greece’s rating unchanged at ‘BBB-‘ on Friday. This is the lowest step of the investment grade that it granted Greece in August last year, but Scope upped the outlook to positive.
The agency notes that the main driver behind the outlook revision was the continued reduction in the debt-to-GDP ratio over the coming years, on the back of steady and sizable primary surpluses, which are expected to be stronger than previously estimated.
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