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 keeps Greece's rating at 'CCC'
In its scheduled rating review on Friday, Fitch affirmed Greece’s rating at ‘CCC’, where it was initially placed on March 28.
The rating agency highlights that lack of market access and uncertain prospects of timely disbursement from the official creditors coupled with tight liquidity conditions for Greek banks are putting extreme pressure on the Greek government funding.
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