DBRS Morningstar has upgraded Greece’s credit rating to ‘BBB’ from ‘BBB-‘ due to improvements in the banking sector and a significant reduction in the country’s debt-to-GDP ratio. This marks a continuation of Greece’s positive fiscal performance, with expectations for strong economic growth and further debt reduction in the coming years. The upgrade reflects Greece’s progress in stabilizing its financial system and achieving fiscal targets, as well as the return of profitability for Greek banks after years of government support following the financial crisis.
Tag: DBRS
In September, Greece will undergo a new series of debt rating evaluations. DBRS will kick off the assessments, with Moody’s following shortly after. Meanwhile, S&P, Fitch, and Scope Ratings plan to release their year-end evaluations in the months ahead.
Rating agency DBRS Morning star upgraded Greece’s long-term issuer rating to ‘BB high’ from BB…
DBRS credit rating on Friday said it expected the Greek GDP to grow by 5%…