February 19, 2018 / 7:59 AM / 4 months ago

Greek bond yields fall after Fitch ratings upgrade

LONDON, Feb 19 (Reuters) - Greek government bond yields fell in early trading on Monday after a ratings upgrade from Fitch that highlighted improving sentiment towards the indebted southern European state.

The ratings agency upgraded Greece’s long-term foreign-currency issuer default rating to ‘B’ from ‘B-‘ and kept its outlook positive.

Fitch said general government debt sustainability would improve on sustained economic growth and reduced political risks.

Greece’s five-year bond yield was down 5 basis points at 3.395 percent early on Monday, outperforming euro zone peers. (Reporting by Dhara Ranasinghe; Editing by Tommy Wilkes)

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