Displaying items by tag: investment grade
Greek economy 2023: In the turmoil of recession and without investment grade
The Greek economic agenda for 2023 revolves around 4 vital pursuits: return to a primary surplus of 1%, absorption of the Recovery Fund resources, upgrading to the investment grade and political stability.
The Greek economy’s path towards the investment grade
Some analysts forecast Greece’s emergence from the “junk” status. The path for the Greek bonds to return to regularity and the so-called “investment grade” has already begun, as was evident by S&P Global’s upgrading of the country a few days ago, as well as from the upgrade of Greece’s prospects to “positive” by DBRS. Project “Hercules” created to tackle the banks’ read loans was seen by ratings agencies as an important and necessary step in the country’s effort to leave the chapter of the crisis behind.
S&P raises OTE credit rating to investment grade
Standard & Poor's on Wednesday raised Hellenic Telecommunication Organization's (OTE) long-term credit rating to BBB- with a positive outlook, offering the telecoms company an investment grade.