Saturday September 19, 2020

Greek credit rating raised by S&P after debt buyback

Greece had its credit rating raised by Standard & Poor’s after a debt buyback as the ratings company cited the “strong determination” of euro-area governments to keep the nation in the currency zone.

19th December, 2012
2
“The stable outlook balances our view of euro zone member states’ determination to support Greece’s euro zone membership," said S&P.

Greece had its credit rating raised by Standard & Poor’s after a debt buyback as the ratings company cited the “strong determination” of euro-area governments to keep the nation in the currency zone.

The grade was lifted from selective default to B- with a stable outlook, S&P said in a statement yesterday. It was cut to SD from CCC on December 5th amid the buyback. The new grade is the highest...

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