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
Rating agencies positive on disbursement, stress programme implementation risks remain high
Rating agencies welcomed the Eurogroup’s decision to approve the disbursement of 10.3 billion euros to Greece and to provide a road map on debt relief, while they stressed that the programme implementation risks remain high.
Moody’s noted that both actions are credit positive as they alleviate the risk of a liquidity squeeze and signal a growing consensus on debt relief. However, on the back of a small governing majority, weak institutions and backdrop of political and soci...
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