News Column

Fitch Raises Greece Ratings

May 22, 2014



BRUSSELS (Alliance News) - Fitch Ratings upgraded sovereign ratings of Greece by one notch as the nation posted a primary surplus amid easing near-term sovereign liquidity risks.

The ratings were raised to 'B' from 'B-'. It still remains in junk territory.

Greece achieved a primary surplus in the general government account in 2013, a key target of the EU-IMF programme. The rating agency forecasts the adjusted primary surplus to rise further in 2014 to 1.4% of GDP.

Moreover, near-term sovereign liquidity risk has fallen and a better fiscal track record is being established.

The 'stable' outlook reflects Fitch's assessment that upside and downside risks to the rating are currently balanced.



For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Alliance News


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters