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S&P only ups outlook, waits for political clarity before rating move
S&P left Greece’s rating unchanged at “BB+’, while it upped its outlook to positive from stable, one notch below investment grade.
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Annual debt strategy almost wrapped up with 5-year bond, at 3.92 pct yield
Greece’s debt managers managed to nearly complete the debt strategy for 2023 before the first quarter has been completed, with the issue of a 5-year bond yesterday that drew 2.5 billion euros with a yield of 3.92 pct.
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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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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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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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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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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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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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In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
The cautious steps, which the Public Debt Management Agency (PDMA) has been taking since the summer as it attempts to navigate through a higher rates environment that have pushed up the entire yield curve, continued on Tuesday via the re-opening of a 5-year issuance.
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S&P leaves Greece a notch away from investment grade as outlook blurs
The rating cycle for Greece for 2022 was completed on Friday, with the S&P leaving the rating unchanged at ‘BB+’ and the outlook stable.