S&P affirms Greece’s credit rating at BBB with stable outlook

S&P’s adjacent standing for Greece is connected October 17. As Samuel Tillery, S&P’s main expert for Greece, points out, further upgrades would necessitate greater advancement successful improving vulnerabilities.

S&P Global has affirmed Greece’s recognition standing astatine BBB with a stable outlook, maintaining the country’s investment-grade status.

The agency, which upgraded Greece to concern people past April, said the state achieved “exceptionally high” superior fiscal surpluses successful 2023, averaging 3.4% of GDP.

S&P expects the authorities to station an wide fiscal surplus again successful 2025 – for the 2nd consecutive year – placing Greece among the fewer developed economies reducing nationalist indebtedness successful implicit terms two years successful a row.

While noting that Greece’s outer imbalances stay elevated, the bureau said the country’s information successful the euro country and adherence to EU fiscal rules connection extortion against balance-of-payments risks.

S&P besides highlighted Greece’s strong economical outlook, citing robust concern enactment and sustained request successful the tourism assemblage arsenic cardinal maturation drivers.