Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
Rise in import prices slow further to 15.7 pct YoY in Nov
Deposit outflow at 550 mln in Oct, led by a decline in corporates
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
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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