Govt eyes another bond market foray after expected upgrade by Moody’s in March

21 February 2018
574 Views

Moody’s is expected to close out the most recent cycle of Greece’s credit rating upgrades, as the former – by all accounts — will follow Standard and Poor’s – last January – and Fitch’s upgrade last week.

Moody’s last evaluation came in the summer of 2017, when it raised the country’s rating to a Caa2.

According to a strictly unofficial timetable, the finance ministry expects to again test bond markets after the end of March, which would mark the second foray into sovereign money markets, out of three, planned before the end of the current bailout on Aug. 20, 2018.

Fitch’s latest upgrade, from -B to B, generated a finance ministry statement referring to “…a strong indication of the continuous upward course (of the Greek economy) and the constant restoration of investors’ confidence.”

The improved ratings for Greece’s creditworthiness come after some two years of repeated downgrades, to “junk level”, in fact, in the wake of the assumption of power by a leftist-rightist coalition government in January 2015.

You may be interested

Yorgos Lanthimos’s “The Favourite” scooped the 32nd European Film Awards
ART
shares8 views
ART
shares8 views

Yorgos Lanthimos’s “The Favourite” scooped the 32nd European Film Awards

Panos - Dec 09, 2019

Yorgos Lanthimos’ The Favourite was the big winner at the European Film Awards on Saturday (December 7), winning eight prizes…

Greek Foreign Ministry harsh response to Turkey on Pontian Genocide: You are getting exposed
FINANCE
shares8 views
FINANCE
shares8 views

Greek Foreign Ministry harsh response to Turkey on Pontian Genocide: You are getting exposed

Panos - Dec 09, 2019

The Greek Foreign Ministry’s responded in a sharp tones to the Turkish Foreign Ministry’s provocative statement which berated Kyriakos Mitsotakis…

Weather forecast: Mostly fair
GREECE
shares15 views
GREECE
shares15 views

Weather forecast: Mostly fair

Panos - Dec 09, 2019

Mostly fair weather and northerly winds are forecast for Monday. Wind velocity will reach 5 on the Beaufort scale. Partly…

Leave a Comment

Your email address will not be published.