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Debt
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Economy
Moody's keeps Greece three notches from investment grade, improves outlook on back of growth potential As expected, Moody’s kept Greece’s credit rating at ‘Ba3’ on Friday, while it improved the outlook from stable to positive.
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Economy
DBRS leaves Greece a notch from investment grade, outlook stable DBRS announced on Friday that it is keeping Greece’s rating unchanged at BB (High) with a stable outlook, one notch below the agency’s investment grade rating.
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Economy
Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+' Fitch became on Friday the latest rating agency to place Greece one step away from investment grade, after upgrading its sovereign credit rating to ‘BB+’ from ‘BB’. The outlook is stable.
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EconomyMacroeconomy
Inaugural 2023 bond attracts strong demand and steep interest Greece had its inaugural bond issue for 2023 on Tuesday with a 10-year benchmark that covered half of the country’s debt strategy for the year thanks to the high demand.
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EconomyMacroeconomy
PDMA sets out modest debt strategy for 2023 Greece’s debt managers published on Friday the debt strategy for 2023, when Greece is expected to follow the same cautious approach as this year.
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EconomyProgramme
Another crisis chapter closes, triggering final round of debt relief measures The Eurogroup noted on Monday Greece’s progress in the post-enhanced surveillance era and released another set of debt relief measures. This marked the end of a years-long period during which Greece was often a specific agenda item in Eurogroup meetings.
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EconomyMacroeconomy
Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023 The Finance Ministry tabled in Parliament on Monday the final budget for 2023, which - despite the global challenges - sees Greece outperforming EU peers and avoiding a recession, while also delivering a primary surplus.
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EconomyMacroeconomy
Public debt records back-to-back quarterly drops, falling to 393.49 bln in Q3 Greece’s central government debt recorded a small drop of roughly 700 million euros in the third quarter of the year to 393.49 billion euros, after falling by 365 million to 394.18 billion euros in the second quarter, the Finance Ministry's (MoF) debt bulletin showed on Friday.
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Economy
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct The moderate movements of Greece’s debt managers to navigate through the sovereign debt turbulence continued on Monday with the re-opening of the 10-year benchmark that was initially issued in January.
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EconomyMacroeconomy
EC cuts 2023 growth forecast by more than half to 1 pct In the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate.