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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
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PMI rises to 50 points in September, signalling stabilisation
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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
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Greece draws strong interest, attractive yield by re-opening 10-year bond
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Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
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OECD releases new outlook calling for sustained reforms post Covid-19
Moody's explains cautious approach to Greek credit rating upgrade
Contrary to the expectations that it might upgrade Greece’s credit rating during a scheduled update last week, Moody’s announced that it would not make any change, keeping the country at B3 and the outlook positive.
Moody’s closes this round of credit rating reviews for Greece, which started in the summer as the country was on route to complete its third adjustment programme.
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