DBRS upgrades Greece’s economic outlook to ‘positive’

ΣΧΕΤΙΚΑ ΑΡΘΡΑ

Netflix Betrays Democratic Principles for the sake of the Turkish Market, PSEKA says: “Injustice anywhere is a threat to justice everywhere”

US Ambassador reiterates that GSI is an important opportunity for Cyprus

Heavy rain and storms from Monday to Wednesday

DBRS credit rating agency upgraded Greece’s economic outlook to ‘positive’ from ‘stable’, confirming the debt at the BBB (low) level.

The outlook upgrade reflects DBRS’s expectations for further improvement in the fundamentals of the banking system, it said in its statement.

The banking sector, it added, is likely to continue to have good profitability, reduce non-performing loans (NPLs) and reduce deferred tax credits.

Finance Minister Kostis Hatzidakis welcomed the upgrade, stressing that it represents yet another positive signal for the Greek economy.

Source: ANA-MPA