S&P Raises Greece Outlook to ‘Positive’; Rating Unchanged

The same international ratings agency in October 2023 raised the country’s creditworthiness to BBB- with a stable outlook

19.04.2024 23:29

Newsroom

S&P Raises Greece Outlook to ‘Positive’; Rating Unchanged

epa05395359 (FILE) A file pihotograph dated 28 April 2010 shows a view of the offices of Standard & Poor's in New York, USA. Reports on 28 June 2016 state Standard & Poor's cut the British AAA credit rating following the country's EU referendum vote. The rating agency downgraded the country' rating by two, from AAA to AA. EPA/JUSTIN LANE

19.04.2024 23:29

Finance

Newsroom

The same international ratings agency in October 2023 raised the country’s creditworthiness to BBB- with a stable outlook

Standard and Poor’s (S&P) on Friday upgraded Greece’s outlook to “positive” from “stable”, while keeping the investment rating unchanged at BBB-.

The same international ratings agency in October 2023 raised the country’s creditworthiness to BBB- with a stable outlook, up from BB+, becoming the first of “Big 3 Credit Rating Agencies” to return the country to investment grade “territory”.

Moody’s last month maintained a stricter evaluation of Greece’s credit-worthiness by leaving the country a notch below investment grade status, with the country’s credit rating remaining at “Ba1” and with a stable outlook.

Moody’s remains the only major credit ratings firm still assessing Greece as below investment grade.

The next possibility for a Moody’s upgrade will be in September 2024.