S&P Global upgrades Greece by a notch on receding budgetary risks

Reuters Finance 1 month ago

(Reuters) - S&P Global upgraded its long-term sovereign credit rating on Greece by a notch to ‘BB-‘ from ‘B+’ on Friday, saying that remaining capital controls were removed without any adverse impact and on receding budgetary risks.

The ratings agency also said its positive outlook on Greece bit.ly/31IGVWR indicates S&P could raise its ratings within the next 12 months if the country continues implementing structural reforms, strengthening the economic growth potential and sustainability of public finances.


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