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

21 February 2018
883 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

Infectious Disease Committee ‘green light’ re-opening of high schools on February 1st – The measures from January 25th
GREECE
shares19 views
GREECE
shares19 views

Infectious Disease Committee ‘green light’ re-opening of high schools on February 1st – The measures from January 25th

makis - Jan 22, 2021

The experts of the Committee of the Ministry of Health gave the “green light” on Friday for the opening of…

EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccines
GREECE
shares18 views
GREECE
shares18 views

EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccines

makis - Jan 22, 2021

PM Mitsotakis’ proposal for a European vaccination certificate, which would facilitate travel without the need for a coronavirus test for…

Crete is the most popular holiday destination for Brits
GREECE
shares35 views
GREECE
shares35 views

Crete is the most popular holiday destination for Brits

Panos - Jan 21, 2021

Crete is the most popular holiday destination for this year’s tourist season for the Brits, according to online searches made in…

Leave a Comment

Your email address will not be published.