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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
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Fitch takes no rating action as fiscal continuity remains crucial to investment grade
Demand for hospitals' reserves raises concerns about govt's liquidity position
Fresh concern about the government’s liquidity position have been raised after the Health Ministry sent a letter to hospitals on April 21 demanding that they transfer their cash reserves to a special account at the Bank of Greece (BoG).
The ministry request urges hospitals to implement a legislative act of 2015, which required general government bodies to transfer the cash they hold at commercial banks to a segregated account at the BoG. The letter asks for the relevant amounts to be t...
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