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Yields rise, but Greek debt still partly shielded from market headwinds
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Travel receipts reach 8.55 bln up to July, balance of 7.71 bln beats 2019 record
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Moody's, DBRS keep ratings unchanged, leave no doubt that fiscal prudence is key for next moves
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Finance Ministry costs new support package, but questions remain over electricity subsidies
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Industrial production grows by 7 pct in Jul, as manufacturing records monthly drop
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Hiring balance slows in June as job market returns to normal levels
S&P raises core Greek banks’ ratings, with a stable outlook
Standard & Poor’s raised on Tuesday evening the four core Greek banks’ ratings to ‘CCC+/C’ from ‘SD,’ with a stable outlook, in the wake of capital controls being relaxed.
The ratings agency notes that the most important easing measure concerns new cash deposits that can be withdrawn without any restrictions and could allow for cash deposits to be brought back into the banking system. However, it expects only some minor d...
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