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Low-productivity economy a legacy of adjustment without transformation
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BoG cautiously optimistic on economy and banking sector
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
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Housing costs, food prices set limits to impact of tax cuts
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Moody's keeps rating unchanged at 'Baa3' - outlook stable
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Underspend and taxes push primary balance up to Aug 3.77 bln above target
Fitch keeps Greece’s rating at ‘CCC’
Fitch affirmed Greece’s rating at ‘CCC’ in its scheduled rating review published on Friday evening. The rating agency’s baseline scenario is that an agreement will be reached between the Greek government and creditors.
Specifically, Fitch believes that the eurozone would be prepared to proceed and disburse the next bailout tranche without IMF involvement taking into consideration that the Greek government is compliant with the European Stability Mechanism (ESM) progra...
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