View full page at forexfactory.com

 

Fitch Upgrades Greece to 'BB-' from 'B'; Outlook Stable

From fitchratings.com

Fitch Ratings has upgraded Greece's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB-' from 'B'. The Outlook is Stable. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS The upgrade of Greece's IDRs reflects the following key rating drivers and their relative weights: High The completion of the final review of the Greece's European Stability Mechanism (ESM) programme paves the way for a successful exit from the ESM programme on 20 August 2018. The accompanying debt measures improve general government debt sustainability. Fitch believes that debt ... (full story)

Story Stats

  • Posted:
  • Category: Low Impact Breaking News