Finance Ministry grapples with escalating cost of pandemic
Pandemic drove 28.4 bln of bank loans into moratorium last year
Fitch keeps Greece at 'BB' rating as risks remain on horizon
PDMA highlights improving debt profile, targets 8-12 bln in new issues for 2021
BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Fitch upgraded Greece’s credit rating on Friday by one notch to ‘BB’ and revised upwards its outlook to positive, bringing the country just two notches away from investment grade.
The upgrade now puts Fitch ahead of the other leading agencies, with S&P one notch behind at ‘BB-‘ and Moody’s at ‘B1’, which is the ‘B+’ equivalent. S&P has positive outlook, Moody’s is stable.
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