S&P Upgrades Greece

S&P Upgrades Greece

Business 19 April 2025 19:43

Standard & Poor's has upgraded Greece's sovereign credit rating from BBB- to BBB with a stable outlook, citing the country's "unwavering fiscal discipline" and improved tax compliance. This marks the third investment-grade upgrade by a European Central Bank-recognized agency, following Scope and DBRS, CE Report quotes Athens-Macedonian

Deputy Premier Kostis Hatzidakis highlighted the recognition of Greece's ongoing fight against tax evasion. Economy Minister Kyriakos Pierrakakis said the move reflects renewed investor confidence and validates the government’s commitment to fiscal stability. Alternate Finance Minister Nikos Papathanasis added that international recognition will help drive further reforms and boost investment and job creation.

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