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: Fitch
Credit ratings agency Standard & Poor’s (S&P) has reaffirmed Greece’s investment-grade rating of “BBB-” with a positive outlook. This confirmation marks a significant milestone for the country, which regained investment-grade status in October 2023 after years of economic turmoil.
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.
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