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Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks

Fitch got the schedule of rating reviews in the new year underway with an upgrade of Greece’s outlook to positive from stable, while it reaffirmed the rating at ‘BB’.
Fitch was the first agency to upgrade Greece’s rating to ‘BB’ back in January 2020, just weeks before the pandemic broke and has not taken any rating action since.
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