Calamos Supports Greece Greek News Economy Standard & Poor's Upgrades Greece's Credit Rating to B+

Standard & Poor's Upgrades Greece's Credit Rating to B+

Standard & Poor’s (S&P) ratings agency has upgraded Greece’s credit rating by one notch, from ‘B’ to ‘B+’
According to the Associated Press, S&P said Greece’s debt risks are now reduced following last week’s decision by the country’s international creditors to extend maturities.
The ratings agency also said Greece’s outlook is stable. The Greek government will see the end of the third bailout program in August and is optimistic that it will be able to tap the international markets.
However, despite the upgrade, Greece’s rating remains well within junk, or non-investment grade, territory. That would deter some investors, while others would demand a high return on their investment to do so.
Greece’s European creditors and the IMF decided to provide the country with more debt easing. At the same time, Athens will remain under strict surveillance after the end of the bailout program in August.

Related Posts

Gate to Byzantine City, Ottoman Baths Discovered under Mytilene Castle

Recent excavations undertaken by the Ephorate of Antiquities of Lesvos  have revealed new Byzantine structures and baths dating back to the Ottoman era.

How Ancient Greeks Harnessed Wind Power to Win the Battle of Salamis

New research from the Academy of Athens argues that the Greeks actually chose Salamis after studying the area's climactic conditions.

Coronavirus Cases Surge in Greece with 2,353 on Tuesday

The number of coronavirus cases surged today in Greece, as a total of 2,353 cases of the virus were diagnosed across the country on...