Fitch upgrades Greek credit rating to B with stable outlook

EconomyMacroeconomy Tags: Banking, BoG, Ratings

As previously rumoured, Fitch upgraded on Friday Greece’s rating by one notch to ‘B’ from ‘B-‘ with a stable outlook, yet still remaining in the non-investment grade.

This is the first Greek sovereign rating upgrade in 2014 and comes after Moody’s postponed a rating action on April 4. S&P affirmed its rating for Greek sovereign debt on March 21.

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