S&P Upgrades Greece

S&P Upgrades Greece

Business

Standard & Poor's has upgraded Greece's sovereign credit rating from BBB- to BBB with a stable outlook, citing the country's "unwavering fiscal discipline" and improved tax compliance. This marks the third investment-grade upgrade by a European Central Bank-recognized agency, following Scope and DBRS, CE Report quotes Athens-Macedonian

Deputy Premier Kostis Hatzidakis highlighted the recognition of Greece's ongoing fight against tax evasion. Economy Minister Kyriakos Pierrakakis said the move reflects renewed investor confidence and validates the government’s commitment to fiscal stability. Alternate Finance Minister Nikos Papathanasis added that international recognition will help drive further reforms and boost investment and job creation.

Tags

Related articles

Romania Open for Business
Amid rising economic pressures, including increased interest rates and fears over losing European funds, Romanian Economy Minister Ivan emphasized the need for calm and stability.
Bulgarian Nurses Protest for Better Conditions
On International Nurses Day, May 12, the Union of Bulgarian Medical Specialists (UBMS) will stage a protest in front of the Ministry of Health at noon, announced UBMS Chair Maya Ilieva during a round table on Bulgaria’s healthcare issues.
Investor Exodus Over Political Turmoil
Investor fears are mounting as Romania faces a deepening currency crisis, driven by political instability, according to economic consultant Adrian Negrescu.
Bulgaria Reports Q1 Budget Deficit
Bulgaria’s revenues under the Consolidated Fiscal Programme reached BGN 16.83 billion in the first quarter of 2025, or 18.6% of the annual target, the Finance Ministry reported.