Skip to Content

Fitch upgrades Greece’s credit outlook to positive

Andrew Cuomo

By DEMETRIS NELLAS
Associated Press

ATHENS, Greece (AP) — Credit ratings company Fitch has revised Greece’s outlook to positive from stable, although it kept the country’s rating at BB, two notches below investment grade. Fitch says the economy grew faster than forecast in 2021 and growth will continue to be strong in 2022 and 2023. Pandemic-related support has kept the budget deficit from falling further and bad bank loans, although significantly reduced, are still very high, impacting the country’s rating. Greece hopes to achieve investment-grade rating, which it hasn’t had since 2010, by 2023.

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content