In its recent analysis, Moody’s outlined the factors influencing Greece’s Ba1 credit rating, noting both progress and ongoing challenges. While the country’s economic power remains relatively weak due to low diversification and an underwhelming investment index, effective utilization of EU Recovery Fund resources is crucial for future growth. Institutional governance has shown improvement, particularly in tax administration, but issues like judicial modernization and corruption monitoring persist. Fiscal strength is hindered by high debt levels, although significant reductions are anticipated in the coming years. Additionally, Greece’s vulnerability to event risks is shaped by its geopolitical context and the resilience of its financial sector. Overall, while there are positive signs, the path to investment grade remains complex.
Tag: Moody's
New Democracy’s strong results in last Sunday’s elections significantly increase the chance that it will…
New Democracy’s strong results in last Sunday’s elections significantly increase the chance that it will…
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