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Travel receipts maintain momentum in May with 17.7 pct YoY rise
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Significantly improved oil balance pushes current account to 196.5 mln surplus in May
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Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
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Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
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Energy drives drop of 4.2 pct YoY in import prices drop for June
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Car sales rise by 6 pct YoY in Jun, up 3.1 pct in first half of year
Fitch leaves rating unchanged at 'BBB-', outlook stable
Fitch on Friday reaffirmed Greece’s credit rating to ‘BBB-‘ with stable outlook. It is another indication that the country’s rating has entered a steady environment after the several upgrades over the last couple of years that brought it to investment grade.
At the end of 2023, Fitch was the latest agency to grant Greece the investment grade. Moody’s is the only leading agency that has left Greece one notch below the investment grade, not granting an upgrade in its latest review in March.
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