S&P upgrades Greece to 'BB' with positive outlook in expectation of post-pandemic upside

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S&P upgrades Greece to 'BB' with positive outlook in expectation of post-pandemic upside

Economy 26/04/2021 - 11:22 Tags: GDP, Markets, Ratings

In an unexpected move late on Friday night, S&P upgraded Greece’s rating by one notch to ‘BB’ from ‘BB-‘, while also revising upward its outlook from stable to positive.

The ratings agency had not taken any significant action on Greece since October 2019, when it had lifted the rating to ‘BB-‘ with positive outlook. Last April, it revised Greece’s outlook to stable from positive.

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