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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
Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery

In an unexpected move on Friday evening, Fitch Ratings downgraded Greece’s long-term Issuer Default Ratings (IDRs) by three notches to ‘CCC’ from ‘B’.
The scheduled rating review was on May 15. However, Fitch believes that developments in Greece warrant a deviation from its calendar.
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