Reopening of 7-year bond affirms tougher conditions on sovereign debt market
S&P moves Greece closer to investment grade, puts focus on budget and growth
BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
IMF urges caution on public finances
DBRS moves Greece a notch closer to investment grade as Moody's holds off
Building permits leap by 42.9 pct in Nov, taking year-to-date rise to 27.5 pct
Moody's downgrades Greece's rating by one notch to Caa3
Following S&P and Fitch, Moody’s downgraded on Wednesday Greece’s government bond rating by one notch to Caa3 from Caa2, while rating is on review for further downgrade.
The key driver that triggered the downgrade lies with the fall in the probability of support to Greece since the previous downgrade in April regardless of the referendum outcome.
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