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Athens Macedonian News Agency: News in English, 17-01-20
CONTENTS
[01] S&P affirms Greece's 'B-/B' ratings, says outlook remains stable
[01] S&P affirms Greece's 'B-/B' ratings, says outlook remains stable
Standard & Poor's affirmed on Friday Greece's 'B-/B' ratings in its
scheduled rating review on Friday. The outlook remained "stable",
reflecting its view that the risks to its ratings are balanced over
the next twelve months.
It also said it expects economic growth over 2017-2020 to be supported by
tourism and a gradually improving jobs market, but warned economy remains
fragile. "While there has been mild statistical recovery in second half
of 2016, Greek economy remains fragile, its banking sector is distressed
The outlook for investment remains constrained, given challenges to
Greece's banks, the press release said.
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