Fitch has ranked our country at BB+, “one step” below investment grade
Looking forward to his announcement tonight rating agency Fitch for the creditworthiness and prospects of the country, the secondary bond market was launched today. Prices moved higher as a result of which bond yields fell, which reflects investors’ expectations for positive news from the front of Greece’s credit rating upgrade.
It is recalled that Fitch has ranked our country on BB+“one rung” below investment grade, while there is a possibility of changing Greece’s outlook to positive from stable, following the Standard & Poor’s which on 21/4 had upgraded the outlook from stable to positive.
It is noted that in an analysis of Societe Generale predicts that even though the first Sunday of elections did not result in a parliamentary majority, Fitch will upgrade Greece’s outlook to positive from stable and maintain the BB+ rating.
In the secondary bond market today and more specifically in Electronic Transaction System (EDAT) of the Bank of Greece transactions of 174 million euros were recorded, of which 36 million euros related to purchase orders.
His performance Greek 10-year bond fell to 3.68% from 3.73% that closed yesterday, against 2.37% of the corresponding German title, resulting in the spread to 1.31% from 1.32%, yesterday.
In the foreign exchange market, the euro moves down against the dollar, with the result that in the afternoon the European currency trades at 1.0756 dollars from the level of 1.0777 dollars that opened the market.
Source: Skai
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