PBO draws attention to effects of climate crisis on public finances
Moody's ups GGB rating by two notches, on par with S&P and Fitch
Return to investment grade overshadowed by flood destruction
Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
Bond re-opening with 4 pct yield completes debt strategy for year
October revenues reverse earlier shortfall, annual primary surplus in sight
The budget execution to October showed revenues beating monthly targets by 761 million euros for the fourth straight month. Furthermore, the year to date previous revenue shortfall, which peaked to 1.61 billion euros at the end of June, turned to a small surplus of 51 million at the end of October for the first time so far in 2013, according to the preliminary data released by the Ministry of Finance (MoF) today.
Following a relatively stronger fiscal performance compared to the previous month, Greece exhibited a primary deficit at 40 million euros in October from 229 million in September, mainly owed to higher revenues more than offsetting a hike in interest pa...
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