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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EGBS
A quick reminder that DBRS Morningstar is scheduled to provide the latest update on Greece’s credit rating (current rating: BB (high), Stable Trend) after hours on Friday.
- There are relatively widely held expectations for a move to IG status, even with the current 'Stable Trend' designation apparent.
- Greece's fiscal trajectory and the centre-right's victory in the country’s national elections has titled the optics in that direction, as has IG attainment at lower tier ratings agencies Scope & R&I.
- The attainment of IG status at DBRS Morningstar would not result in GGB inclusion across the major bond indices, as we have flagged on several occasions in recent weeks/months.
- 10-Year GGB/Bund & GGB/BTP spreads operate off of cycle tights ahead of the scheduled update from DBRS .
Fig. 1: 10-Year GGB/Bunds & GGB/BTP Spreads (%)
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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