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Moody's ups GGB rating by two notches, on par with S&P and Fitch
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Return to investment grade overshadowed by flood destruction
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Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
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New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
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Bond re-opening with 4 pct yield completes debt strategy for year
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Fitch takes no rating action as fiscal continuity remains crucial to investment grade
Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
Greece’s final budget execution data confirmed preliminary figures released on February 12 and showed the primary surplus halved to 443 million euros in January from 835 million last year.
The primary surplus figure for January missed the target of 1.37 billion by 923 million entirely attributed to a revenue shortfall of 968 million, while expenditure was almost 100 million better than target.
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