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
S&P leaves Greece a notch away from investment grade as outlook blurs
Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Yields rise, but Greek debt still partly shielded from market headwinds
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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