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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
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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
S&P moves Greece further into investment grade with 'BBB' rating, stable outlook
This year’s cycle of rating reviews for Greece have stated strongly as S&P became the latest agency to upgrade GGBs by one notch to ‘BBB’, a step further into the investment grade. S&P also revised the outlook to stable, from positive.
There were upgrades last month from DBRS, also to ‘BBB’, and Moody’s finally granted Greece with the investment grade, raising it to ‘Baa3’ and becoming the last agency that had Greece below the investment grade since the debt crisis.
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