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

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SaltWire's Atlantic regional weather forecast for October 20, 2023 | SaltWire - 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.

S&P said it expects budget surplus target to help in paring the country's government debt, and added that it is cautious about political pressures hindering Greece's ability to sustain large primary budget surpluses. S&P expects"additional structural economic and budgetary reforms, coupled with large EU funds, will support robust economic growth in 2023-2026."

 

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