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Markets buoyed by election result
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PDMA nears completion of annual debt strategy, taking another cautious step
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Import prices fall sharply by 12.7 pct in Mar, as energy drops by 28.4 pct
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Latest 2022 fiscal data a boost as profit transfers and growth lead to small surplus
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S&P only ups outlook, waits for political clarity before rating move
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BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
Fitch affirms Greece’s rating at ‘CCC’
In its scheduled review published on Friday evening, Fitch affirmed Greece’s rating at ‘CCC’. It is worth noting that S&P has the highest rating (B-) on Greece, three notches above that of Moody’s (‘Caa3’) and two notches higher than Fitch.
The rating agency commented that the fiscal performance in the course of this year is consistent with the primary surplus target of 0.5 percent for 2016, but the succeeding two years’ fiscal targets will be progressively more difficult to be met.
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