PBO draws attention to effects of climate crisis on public finances
Moody's ups GGB rating by two notches, on par with S&P and Fitch
Return to investment grade overshadowed by flood destruction
Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
Bond re-opening with 4 pct yield completes debt strategy for year
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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