Credit rating upgrade by Japan’s R&I agency

Japanese recognition standing bureau R&I announced connected Monday the upgrading of Greece’s recognition standing for issuances successful some home and overseas currency by 1 notch to BBB, acknowledging the country’s continued strong growth, stable fiscal trajectory, improved nationalist indebtedness sustainability, and the enhanced stability of the fiscal system.

According to the agency’s assessment, the Greek system has outpaced the mean maturation complaint of the eurozone, with GDP expanding by 2.3% successful 2024, and is expected to turn astatine a akin gait successful 2025. Growth is being driven by backstage consumption, tourism activity, investments supported done the European Recovery and Resilience Facility (RRF), and overseas nonstop investment.

R&I emphasized successful its study that Greece’s fiscal show remains resilient, maturation is sustainable, and the state continues connected a steady way of indebtedness reduction.

“The upgrade of Greece by R&I, a standing bureau with important power successful Asian markets, strengthens the planetary scope of Greece’s creditworthiness. It is yet different step successful a people based connected consistency, betterment and corporate effort,” commented National Economy and Finance Minister Kyriakos Pierrakakis connected Monday.