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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.

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