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
EC study: VAT gap in Greece at 34 pct, more than double the EU average
The European Commission published a study on Friday that examines the evolution of the VAT gap across the EU according to the latest available data for 2013.
This policy gap ratio is broken down into the ‘rate gap’ that represents the potential revenue loss due to reduced VAT rates and the ‘exemption gap’ representing the potential revenue loss due to exempted supplies of goods and services.
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