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Rise in import prices slow further to 15.7 pct YoY in Nov
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Deposit outflow at 550 mln in Oct, led by a decline in corporates
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Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
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In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
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S&P leaves Greece a notch away from investment grade as outlook blurs
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
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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