S&P Raises Rating On Greek Debt On Improved Outlook 19 January 2018

Muhammad Rameez Published January 20, 2018 | 09:45 AM

S&P raises rating on Greek debt on improved outlook 19 january 2018

S&P Global Ratings on Friday raised the rating on Greek government debt by a notch citing the improved outlook for the crisis-stricken country's finances and economic growth

Washington, (UrduPoint / Pakistan Point News - 20th Jan, 2018 ) :S&P Global Ratings on Friday raised the rating on Greek government debt by a notch citing the improved outlook for the crisis-stricken country's finances and economic growth.

The rating on Athens' long-term debt was improved to "B" from "B-" with a positive outlook, which means the ratings agency could raise the grade further in the next year.

"The upgrade reflects Greece's steadily improving general government finances and its gradually recovering economic prospects," S&P said in a statement.

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