WASHINGTON, April 23 — S&P Global Ratings yesterday upgraded Greece’s debt rating to BB+, citing its improving economy even as the country deals with the shocks from the war in Ukraine.
The upgrade raised Greece’s rating from BB, while S&P put its outlook for the country at stable, citing “our expectation that Greece’s fiscal buffers and proven policy effectiveness will allow the country to absorb the indirect impact of the war in Ukraine on its economy and public finances.” The country is also struggling with high inflation, but S&P said wages has not increased as a result, and price growth would begin to decrease by September.
Source: Financial Digest (financialdigest.net)
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