S&P raises OTE credit rating to investment grade
- Written by E.Tsiliopoulos
Featured
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.
In an announcement, the credit rating agency said the upgrading of OTE's rating followed Greece's upgrading in October 25 to BB- from B+ which reflected a steady improvement of the country's finances and a gradual recovery of its economic outlook. "A reduction of political uncertainty in Greece and an improvement of economic prospects offer a more favourable operating environment for OTE," S&P said.
Tagged under
Related items
-
Trump Tariffs: How They Will Affect the Greek Economy
-
Brain Gain: Greater lures for young people to return to Greece
-
Green turtle builds nest on Naxos for the first time
-
Hislop on British Museum: They haven't read the facts about the Parthenon Sculptures - They're not open-minded
-
Free Arts Festival at Greek archaeological sites
Latest from E.Tsiliopoulos
- Trump Tariffs: How They Will Affect the Greek Economy
- Brain Gain: Greater lures for young people to return to Greece
- Green turtle builds nest on Naxos for the first time
- Hislop on British Museum: They haven't read the facts about the Parthenon Sculptures - They're not open-minded
- Free Arts Festival at Greek archaeological sites