Standard & Poor’s on Friday upgraded prospects for Greece’s credit rating to positive, up from a stable outlook, leaving the actual rating unchanged at BB+, one notch below investment grade.
The decision is considered as “balanced”, given that it comes a month away from general elections in the country, while the positive outlook points to a coming re-emerge by the thrice-bailed out country to investment grade territory after 13 years in “junk” status.
S&P is expected to delay any upgrade to investment grade until uncertainty in Greece’s political sphere is dissolved with the swearing-in of a new government, either of the one-party variety or a coalition.
The international rating agency upgraded Greece from “BB” to “BB+” exactly one year ago, with the “stable” outlook in place since then.
Another six milestones are on the 2023 calendar for the Greek economy’s assessment by international ratings firms, with Fitch’s latest report scheduled for June 9, followed by Scope in August; DBRS in September; a second report by Moody’s in September, and again by S&P in October. Fitch will close out the year vis-à-vis Greece’s rating on Dec. 2.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Hate and Fear: The Magdeburg Tragedy and its Political Fallout
Security agencies appear overwhelmed, lacking clear criteria for identifying threats. The Magdeburg attack is a catastrophe for an already unsettled country.
PM Mitsotakis Discusses EU Defense, Security at North-South Summit
Hosted in Lapland, Finland, which shares a 1,300 km border with Russia, the summit brought together South and North European leaders to discuss security, defense, and migration
Surge in Investment and Soaring Housing Prices Across Greece
Greek housing prices have climbed sharply, recovering to 2011 levels and edging closer to their 2007 peak.
Greek Kiosks are Dying Out
The iconic Greek kiosk is dying out, and the empty shells remain to remind us of an urban everyday life that no longer exists.
Property Website: Athens-Area Residences Sold Within 6 Months, on Average
Data presented by the platform also shows higher prices in first 3 quarters of 2024
Bank of Greece Hails Economic Progress but Warns Stronger Growth Needed
Today's Bank of Greece Interim Report on Monetary Policy depicts a healthy economy, but warns that stronger growth is needed to fully overcome the economic crisis
Greek Christmas Dinner Costs Surges in 2024
The estimated cost for this year’s Christmas dinner (serving 6-8 people) ranges from 107.54 euros to 148.89 euros
Attica Bank to Eliminate Fees on More Banking Transactions
Attica Bank emphasized that these changes reflect its commitment to providing competitive and high-quality services
Cash Still Reigns in Greece Despite Surge in Electronic Payments
However, the ECB has expressed its opposition regarding legislative efforts by member states to restrict cash usage as a means of combating tax evasion.
Minister: Tourism Revenues in Greece to Hit €22 Billion in 2024
Sustainable development, investments, new offerings, upgraded training at the core of Greece's tourism strategy.
![Δημόσιο Χρέος: Οι «έξοδοι» της Ελλάδας στις αγορές το 2025 – Το σχέδιο του ΟΔΔΗΧ για άντληση 8 δισ. [πίνακας]](https://www.ot.gr/wp-content/uploads/2023/02/omologa1-600x355.jpeg)
