Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020

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

Fitch upgraded Greece’s credit rating on Friday by one notch to ‘BB’ and revised upwards its outlook to positive, bringing the country just two notches away from investment grade.

The upgrade now puts Fitch ahead of the other leading agencies, with S&P one notch behind at ‘BB-‘ and Moody’s at ‘B1’, which is the ‘B+’ equivalent. S&P has positive outlook, Moody’s is stable.

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