Greece plans 15-year bond issue

Late Friday, Fitch ratings agency raised Greece’s credit rating by one notch to BB with a positive outlook, citing improved debt sustainability and a “stable political backdrop.”

Greece ended its third successive international bailout program in 2018 and is seeking a full return to markets, as well as to exploit historically low interest rates to try and improve its long-term debt profile.

The national debt is expected to gradually decline relative to gross domestic product after peaking at a little over 180% of GDP in 2018.

The yield on Greece’s 10-year bond fell below 2% last August and is currently around 1.16%. (AP)