Fitch takes no rating action as fiscal continuity remains crucial to investment grade

EconomyMacroeconomy Tags: GDP, Markets, Ratings
Photo by MacroPolis
Photo by MacroPolis

Fitch took no action on Friday regarding Greece’s rating, re-affirming the country’s ‘BB+’ and keeping the outlook stable.

Buoyed by New Democracy’s landslide win in the June 25 elections, some commentators in Greece were anticipating a possible upgrade. However, this option seemed remote as Greece finds itself in an extended pre-election period and usually agencies want po...

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