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S&P: Rating on Greece is B-; sovereign credit outlook revised to positive from stable
Standard & Poor's recently published its ratings for Greece; with the key quotes, via Reuters, found below:
- Rating on Greece is B-; sovereign credit outlook revised to positive from stable
- Outlook on Greece ratings revised to positive; 'B-' long-term ratings affirmed
- Positive outlook indicates view that, over next 12 months, there is at least a one-in-three probability that could raise ratings
- Outlook revision reflects expectation that Greece's general government debt and debt servicing costs will gradually decline
- Recovering economic growth, legislated fiscal reforms, further debt relief, should enable Greece to reduce general government debt-to-GDP ratio through 2020
- Recovering economic growth, legislated fiscal reforms, further debt relief, should enable Greece to also reduce debt servicing costs through 2020
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
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