Moody's maintains Greece's rating, but outlook improves

08:31 14/9/2024 - Πηγή: iEfimerida

Moody's, the last major international credit rating agency to maintain a "junk" rating for Greece, has affirmed its long-term rating of Ba1.

This rating is one notch below the coveted investment grade.

However, in a positive development, Moody's upgraded Greece's outlook from stable to positive. This indicates an increased likelihood of the banking sector's continued health, reducing potential

government liabilities. Additionally, Greece's economic growth and fiscal performance have exceeded expectations, suggesting that its fiscal strength could improve faster than anticipated.

While affirming the Ba1 rating, Moody's acknowledged the significant progress Greece has made in recent years.

The country has implemented structural reforms and achieved fiscal consolidation, despite ongoing challenges such as judicial inefficiency, macroeconomic imbalances, and a high public debt burden.

An investment-grade rating from Moody's has been a key goal for the Mitsotakis government, symbolizing Greece's recovery from the bailout era. While this upgrade has not yet materialized, the positive outlook suggests that it may be within reach.

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Keywords
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Τυχαία Θέματα
ευαγγελισμος, πηγασοσ εκδοτικη α.ε, junk
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