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 takes no rating action as fiscal continuity remains crucial to investment grade
Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April
Greece’s budget execution showed the 4-month primary surplus more than doubled year on year (YoY), reaching 2.1 billion from 1.05 billion last year, according to the Finance Ministry (MoF) final budget bulletin published on Monday.
The reading is 60 million euros lower than the preliminary figure of 2.16 billion disclosed on May 13.
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