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Moody's ups GGB rating by two notches, on par with S&P and Fitch
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Return to investment grade overshadowed by flood destruction
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Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
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New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
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Bond re-opening with 4 pct yield completes debt strategy for year
Severe underspend covers lower revenues for end-May primary surplus
Greece’s budget execution showed that the 5-month primary surplus more than doubled to 1.51 billion euros from 707 million in the corresponding period last year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday.
The overall 5-month budget deficit fell by almost 30 percent to 1.4 billion euros, from 1.99 billion last year, outperforming the target by 2.08 billion.
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