Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'

Economy Tags: Budget, Debt, GDP, Markets, Ratings
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Fitch became on Friday the latest rating agency to place Greece one step away from investment grade, after upgrading its sovereign credit rating to ‘BB+’ from ‘BB’. The outlook is stable.

Most analysts expect the investment grade, which the government has set as a so-called “national goal” for 2023, to take place after the national elections with better policy visibility once the new administration takes office. But it was not an entirel...

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