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S&P leaves rating and outlook unchanged at 'BBB' and stable
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BoG sees several global challenges, expects Greek economy to hold its ground
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Current account balance at 1.74 bln surplus in Aug thanks to services
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Travel balance moderates in June as spending per trip drops by 6.2% YoY
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Q1 disposable income up 3.2% YoY, saving rate negative for six straight quarters
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CPI decelerates to 4.4% YoY in June, housing costs up 10.6%
Fitch leaves rating and outlook unchanged, concluding positive year for GGBs
Fitch affirmed Greece’s rating at “BBB” with a stable outlook on Friday, concluding the autumn review cycle and a positive year for Greek government bonds (GGBs) on the ratings front.
The rating action underscores the sovereign’s ongoing fiscal transformation and macroeconomic resilience within the eurozone. Fitch’s decision is supported by several structural strengths, including per capita income levels and governance indicators tha...
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