S&P ups outlook to positive, leaves rating at 'BBB-'

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

S&P published the latest credit rating review for Greece, where the rating was left unchanged at ‘BBB-‘, while the outlook was upgraded from stable to positive. S&P had granted the investment grade to GGBs in October last year, followed by Fitch in December.

The positive outlook reflects the expectation that the Greek authorities will continue on the tight fiscal framework that will lead to the declining debt-to-GDP ratio, and the growth outlook will continue to outperform eurozone peers.

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