PBO urges continued fiscal discipline amid growing instability
Rising bond yields a concern, but not an immediate fiscal problem
OECD finds tax cuts linked to pandemic helped reduce wedge on labour
Reopening of 7-year bond affirms tougher conditions on sovereign debt market
S&P moves Greece closer to investment grade, puts focus on budget and growth
BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
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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