S&P affirms Greece’s ‘B-/B’ ratings with stable outlook
- Written by E.Tsiliopoulos
Standard & Poor’s affirmed on Friday Greece’s ‘B-/B’ ratings in its scheduled rating review on Friday. The outlook remained “stable”, reflecting its view that the risks to its ratings are balanced over the next twelve months.
It also said it expects economic growth over 2017-2020 to be supported by tourism and a gradually improving jobs market, but warned economy remains fragile. “While there has been mild statistical recovery in second half of 2016, Greek economy remains fragile, its banking sector is distressed
The outlook for investment remains constrained, given challenges to Greece's banks, the press release said.
Related items
-
PSEKA demarche to Congress and White House for Turkish F-16s
-
Former SYRIZA minister protests against war in Iran with portrait of Khamenei
-
Reactions in Congress regarding Turkish F-16s in occupied territories
-
The Roma family with the golden sovereigns declared zero taxable income, owned villas and luxury cars
-
Polish national arrested on espionage charges on Crete
Latest from E.Tsiliopoulos
- PSEKA demarche to Congress and White House for Turkish F-16s
- Former SYRIZA minister protests against war in Iran with portrait of Khamenei
- Reactions in Congress regarding Turkish F-16s in occupied territories
- The Roma family with the golden sovereigns declared zero taxable income, owned villas and luxury cars
- Polish national arrested on espionage charges on Crete