S&P Lifts Greece’s Outlook as Debt Falls Amid Tight Fiscal Path
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S&P Global Ratings has raised Greece's sovereign credit outlook to positive from stable, just months after the country regained investment grade status. The positive outlook reflects the expectation that the tight fiscal regime will continue to reduce the government debt ratio, while growth is expected to outperform that of Greece's euro zone peers. Greece's rating was affirmed at BBB-. The government aims to increase the budget's primary balance to 2.1% of GDP in 2024 from 1.1% in 2023 and sees the debt ratio declining to 152.3% of GDP in 2024 from 206% in 2020. Greece has also made progress with its divestment plan from the country's lenders and banks are ready to pay dividends for the first time since 2008.

#Greece #S&pGlobalRatings #SovereignCreditOutlook #DebtReduction #InvestmentGrade

https://www.bloomberg.com/news/articles/2024-04-19/s-p-lifts-greece-s-outlook-as-debt-falls-amid-tight-fiscal-path