Deposit outflow at 550 mln in Oct, led by a decline in corporates
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
S&P leaves Greece a notch away from investment grade as outlook blurs
Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Yields rise, but Greek debt still partly shielded from market headwinds
S&P upgrades Greece to 'B+' on back of Eurogroup agreement
S&P was the first credit rating agency to respond to last week’s Eurogroup agreement by raising Greece’s long-term credit rating to ‘B+’ from ‘B’ on Monday.
The outlook was also updated to stable from positive. In its previous ratings activity for Greece in January, the agency had suggested that an upgrade would be warranted had Greece completed its adjustment programme and built up a significant cash buffe...
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