S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades

Economy Tags: Debt, Markets, Ratings
Photo by MacroPolis
Photo by MacroPolis

S&P on Friday reaffirmed Greece’s sovereign credit rating at ‘BBB’ with a stable outlook, citing confidence in the country’s fiscal discipline, solid economic growth, and an improving banking sector.

In April, S&P was among the agencies that advanced Greece one notch further into investment grade, following Scope at the end of last year and DBRS in March. Moody’s also awarded Greece its first investment-grade notch in March, while Fitch maintains a ...

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