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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
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Yields rise, but Greek debt still partly shielded from market headwinds
S&P keeps rating at 'B+' and highlights obstacles to competitiveness
Standard and Poor’s (S&P) reaffirmed on Friday its credit rating for Greece at ‘B+’, also maintaining its positive outlook.
S&P was the first rating agency to upgrade Greece following the Eurogroup agreement in June last year when the parameters for the debt relief were agreed but has kept the country’s credit score unchanged both in January and in the recent cycle.
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