R&I House: Upgraded Greece to BB +

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It is the fourth rating agency, after Standard & Poor’s, DBRS and SCOPE Ratings, which gives, to the Greek State, a credit rating equivalent to BB +, ie just one rating before the investment.

A vote of confidence in the Greek economy is sent by the Japanese rating agency R&I, which upgraded the Greek debt by one notch to BB + with a stable outlook.

The house estimates that the Greek economy will remain on a positive path, despite inflationary pressures. In the medium term, the growth prospects are expected to strengthen. He also states that Greece will remain on a path of steady growth from 2023 onwards.

It is the fourth rating agency, after Standard & Poor’s, DBRS and SCOPE Ratings, which gives, to the Greek State, a credit rating equivalent to BB +, ie just one rating before the investment. This is the 11th upgrade of the Greek economy in the last three years.

“Greece is getting closer to the realization of its last goal: the achievement of an investment grade”, said the Minister of Finance, Christos Staikouras.

The entire statement of the Minister of Economy

“Today, another international rating agency, the Japanese R&I, upgraded the creditworthiness of the Greek economy.

An upgrade that brings the country a “step” before the investment stage.

It is noted that it is the fourth rating agency, after Standard & Poor’s, DBRS and SCOPE Ratings, which gives to the Greek State a credit rating equivalent to BB +, ie just one rating before the investment.

This is the 11th upgrade of the Greek economy in the last three years, despite the successive, external crises, as a result of the exercise of sound economic policy.

Thus, after achieving the goals of lifting the capital restrictions, the early repayment of the IMF, the reduction of the volume of “red” loans in the banks’ portfolios, the strong recovery and sustainable development of the economy, the gradual fiscal balance, Greece, the brave and effective support of households and businesses, the rational utilization of European funds and the exit of the country from the regime of enhanced supervision, Greece is closer to the realization of its last goal: achieving investment grade.

A national goal of particular importance for the economy and society “.

Source: skai.gr

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