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S&P ups outlook to positive, leaves rating at 'BBB-' -
Moody's leaves Greece's rating unchanged, one notch from investment grade -
Investment grade boost visible in strong demand for Greek assets -
Labour database shows 8 in 10 workers earn less than 1,200 per month -
Investment grade rewards evident in first bond issuance of 2024, attracting record demand -
PDMA taps markets for first time this year via modest bond reopening
A snapshot of Greek banks' ABS as ECB readies for next move
The European Central Bank (ECB) announced on September 4 that it will proceed with a large-scale purchase of asset-backed securities (ABS) as well as euro-denominated covered bonds issued by eurozone banks starting from October.
Although detailed modalities of both programs will be announced on October 2, it appears that Greek banks will be excluded from the ECB’s largest quantitative easing measures. The key reason is the country rating (‘B’ by S&P and Fitch and ‘Caa1’ by Mood...
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