S&P goes positive on Greece

S&P said it improved its outlook on Greece to positive from stable and affirmed its BBB- ratings.

“Following the reelection of the New Democracy (ND) administration last year, the government has outlined and begun implementing a robust reform agenda aimed at unblocking structural bottlenecks that hamper economic competitiveness. Greece's longstanding key problem areas that have seen limited progress thus far, such as legal and health reforms, now have credible implementation plans due to be rolled out,” the agency said in a press release.

S&P said it expects a reduction in the government debt ratio and growth that will best its eurozone peers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.