News Formal

S&P upgrades Greece to investment grade for first time since 2010 crisis

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

S&P upgrades Greece to investment grade for first time since 2010 crisis

- S&P Global is the first among the “big three” rating agencies to upgrade Greece to investment grade since the country’s debt crisis in 2010.

Greece lost its investment-grade credit rating, which implies a low risk of default, in 2010 when its decade-long debt crisis erupted, forcing it to sign up for international bailouts worth about 260 billion euros to stay afloat. Greece expects economic output to rise 3% in 2024 following a 2.3% expansion this year more than twice the eurozone average. It also projects a 2.1% of GDP primary budget surplus next year on higher investment and strong tourism revenue.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Home Sales Slide to Lowest Pace Since 2010 as High Rates Squeeze MarketBuyers facing limited supply pushed up September prices
Source: WSJ - 🏆 98. / 63 Read more »

Home Sales at Lowest Point Since 2010 as High Mortgage Rates Squeeze MarketBuyers facing limited supply pushed up September prices
Source: WSJ - 🏆 98. / 63 Read more »