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S&P upgrades Greece to B- from CCC+; outlook stable

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Córdoba) - Rating agency Standard & Poor’s decided to upgrade Greece to B- from CCC+ on Friday, keeping a stable outlook.

    S&P cited progress in reforms, such as cutting costs and recapitalizing banks. The agency said that Greek government is "broadly complying” with the terms of its €86-billion financial rescue program.

    S&P expects Greek economy is for one more year of essentially flat growth, followed by a more robust recovery.
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