News

DBRS Upgrades Greece's Credit Rating To 'B'

Date: 04.05.2018 / Ekathimerini.com / Comments (0)

DBRS Ratings Limited (DBRS) announced late on Friday it has upgraded Greece’s main credit ratings from CCC (high) to B and maintained the Positive outlook. DBRS also upgraded the country’s Short-Term Foreign and Local Currency – Issuer Ratings from R-5 to R-4 and maintained the Stable trend.

DBRS stated that the upgrade is driven by the strong reform progress made by Greece since 2010 when it signed its first memorandum of understanding (MoU) with official institutions; good signs of economic recovery in 2017 and three consecutive years of fiscal over-performance.

Moreover, it noted that policy risks from a shift in political power are now lower. Since the previous DBRS rating review last November, the third review of the third bailout program was concluded and the fourth and final review is now underway, which DBRS qualified as “additional encouraging signs”. “Improvements in the ‘Fiscal Management’ and ‘Political Environment’ building blocks of our methodology underpin the upgrade,” it said.

The Canada-based agency added that the Positive trend reflects expectations in coming months of potentially credit-positive outcomes with respect to an exit from the third program and negotiations over debt relief. “DBRS also will consider the frequency and depth of post-program monitoring to ensure adequate frameworks for policy continuity,” it noted.



http://www.ekathimerini.com/228340/article/ekathimerini/business/dbrs-upgrades-greeces-credit-rating-to-b

Reviews & Comments


GPE360.com (GreekPropertyExchange.com) has relaunched as the top Greek real estate and property website portal dedicated to Greece and Cyprus’ industry. GPE360.com’s members include top real estate agents, realtors, individual sellers, FSBO, sale by owners, architects, developers, construction companies, lawyers, notaries and others that advertise residential (house, home, land, apartments, flats, villas, land, parcels and commercial listings for those looking to buy, sell and rent across all of the Hellenic Republic. GPE360.com is like the MLS database portal that is advertised in the top Greek diaspora and international markets around the world to those looking to invest - including Australia, the United States, Canada, United Kingdom, Germany, France, Spain, France, Europe, South Africa, Russia and everywhere else. Most foreigners start their home search in popular destinations like Mykonos, Chania, Crete, Athens, Thessaloniki, Cyclades, Santorini, Rhodes, Corfu, Ios, Lefkada and many more cities, prefectures and regions in Greece. GPE360.com has been featured in most Greek news media outlets and in some of the leading international publications in newspapers, magazines, websites, online news portals, television and radio. Notable publications featuring GPE360.com and its founder, Georgios Stroumboulis include the Wall Street Journal, G1 Brasil, India Today, Barron’s, El Mundo, Naftemporiki, Kerdos, Isotimia, Vradyni, Elefterotypia, Elefteros Typos, Imerisia, Ta Nea, Ethnos, Neos Kosmos, GreekReporter.com, PappasPost.com, Voria.gr, Parapolitika.gr, MetroGreece.gr, People Greece, NewsBeast.gr, Radio Neo Show, Antenna ANT1 Satellite TV, MEGA TV, Makedonia TV, Channel 9 (Το Α και το Ω των ακινήτων). GPE360.com is the only real estate website to have produced its own reality TV show called Hellenic Home Hunting (www.HellenicHomeHunting.com). Created, produced and edited by George Stroumboulis’ media company, BouliBrand (www.BouliBrand.com), this TV show caused an international media storm for controversy during the unstable economy period in Greece. Visit www.GPE360.com for the latest property listings and start your search, register for an account to sell or simply browse our news. Stay connected with us on Facebook (www.facebook.com/gpe360), Twitter (twitter.com/gpe360), LinkedIn (https://www.linkedin.com/company/greek-property-exchange-gpe-), YouTube (https://www.youtube.com/user/gpe360), and Instagram (www.instagram.com/gpe360/). Use the hashtag #GPE360 and #HellenicHomeHunting.



featured on the front page of

The Only TV Show Promoting
Greek Real Estate to the World!
WATCH FIRST SEASON