Greek credit rating remains at BB-: Fitch
(MENAFN) The Greek credit rating is maintained at "BB-" alongside stability in its outlook, as revealed Fitch Ratings.
Greece managed to witness record low yields for its sovereign bonds in July, as noted the global ratings agency in a report.
However, local experts unveiled their forecast for the rating to be revised up within this year.
Ahead of settling on a rating action for Greece, Fitch is waiting for the government record, saying that "it is too early to assess government effectiveness and policy implementation."
"The advent of a single-party majority government should help cement the improvement in political stability seen in recent years," Fitch affirmed.
Greece managed to witness record low yields for its sovereign bonds in July, as noted the global ratings agency in a report.
However, local experts unveiled their forecast for the rating to be revised up within this year.
Ahead of settling on a rating action for Greece, Fitch is waiting for the government record, saying that "it is too early to assess government effectiveness and policy implementation."
"The advent of a single-party majority government should help cement the improvement in political stability seen in recent years," Fitch affirmed.

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Industry Leader The5ers Expands Funding Programs To U.S. Traders
- Excellion Finance Scales Market-Neutral Defi Strategies With Fordefi's MPC Wallet
- Xfunded Expands In Dubai, Strengthening Collaborations With Trading Influencers Across Europe
- Chaingpt Pad Unveils Buzz System: Turning Social Hype Into Token Allocation
- PLPC-DBTM: Non-Cellular Oncology Immunotherapy With STIPNAM Traceability, Entering A Global Acquisition Window.
- Thrivestate Launches“Fly Before You Buy” Program, Enabling International Buyers To Explore Dubai Before Committing
Comments
No comment