Moody’s credit rating agency upgraded the outlook for the Greek economy to positive from stable on Friday, while reaffirming its Ba1 credit rating, ANA reports.
Moreover, with economic growth and fiscal performance potentially exceeding expectations, Greece’s fiscal strength could improve faster than currently anticipated.
Moody’s confirmed Greece’s Ba1 ratings, citing significant progress in recent years in implementing structural reforms and achieving fiscal consolidation. Nevertheless, challenges remain in areas such as improving judicial efficiency, addressing macroeconomic imbalances, and managing the country’s high public debt burden.
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