S&P retains Greek outlook as ‘positive’

2 weeks ago 26
S&P retains Greek outlook arsenic  ‘positive’

US recognition standing bureau Standard & Poor’s (S&P) reaffirmed Greece’s investment-grade standing of BBB- with a “Positive” outlook connected Friday night.

The adjacent reappraisal of Greece’s system by S&P is expected successful outpouring 2025, and the standing bureau whitethorn good proceed to an upgrade then, fixed the “Positive” outlook it maintains for the country.

The American bureau refrained from issuing an updated study connected the Greek economy, astir apt maintaining the aforesaid forecasts astir it arsenic the 1 issued past spring.

It had noted astatine the clip that the choky fiscal authorities would proceed to spur a a simplification successful the authorities indebtedness ratio, a cardinal origin taken into information for decisions connected sovereign recognition ratings.

S&P was the archetypal of the 3 large US recognition standing agencies to upgrade Greece to concern people connected October 20, 2023. Fitch followed suit successful December and Moody’s is expected to marque its last appraisal successful November. Moody’s has kept Greece 1 notch earlier concern people but it upgraded it to a “Positive” outlook past month.

German recognition standing bureau Scope Ratings besides placed Greece successful the concern people class successful December.

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