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Finance Ministry grapples with escalating cost of pandemic
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Pandemic drove 28.4 bln of bank loans into moratorium last year
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PDMA highlights improving debt profile, targets 8-12 bln in new issues for 2021
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BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
Moody's downgrades Greek bond rating, sees chances of accident rising
Moody’s downgraded late on Wednesday Greece’s government bond rating by one notch to Caa2 from Caa1, concluding the review for downgrade that commenced on February 6. At the same time the outlook on the rating is negative.
This is the third downgrade over the past four weeks following that of Fitch by three notches to ‘CCC’ on March 27 and of S&P by one notch to ‘CCC+/C’ on April 15. Moody’s current rating is equivalent to ‘CCC’ under the rating scale of the other two rat...
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