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Low-productivity economy a legacy of adjustment without transformation
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BoG cautiously optimistic on economy and banking sector
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
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Housing costs, food prices set limits to impact of tax cuts
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Moody's keeps rating unchanged at 'Baa3' - outlook stable
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Underspend and taxes push primary balance up to Aug 3.77 bln above target
Moody's latest agency to up outlook to positive, keeps rating below investment grade
On Friday, Moody’s upped Greece’s outlook to positive from stable, keeping the rating unchanged at ‘Ba1’, thereby remaining the only agency that is yet to grant the investment grade to Greece, keeping it just one notch below.
After the upgrade by Fitch in early December last year, becoming the most recent ratings service to award the investment grade, this year the agencies have only upped Greece’s outlook, starting with S&P in April, then Fitch in June, Scope in July and DB...
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