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DBRS improves Greece’s rating one notch to BB

Athens, Sep 18 (EFE) .- Canadian rating agency DBRS Morningstar has improved Greece’s credit rating one notch to BB from BB (low).

“It is the fourth time that an international rating agency has improved, in the middle of the health crisis, the debt rating of our country, and the seventh time since New Democracy took office,” the minister said in a statement. Greek Finance, Jristos Staikuras.

The minister stressed that the DBRS report ensures that the Greek economy is showing strong signs of recovery, which is why its growth prospects have improved substantially despite the covid-19 pandemic, “thanks to the support measures. taken by the Government to contain the recession in 2020, as well as the stimulus given by the European funds that our country expects to receive in the coming years “.

A week ago, the Greek Prime Minister, Kyriakos Mitsotakis, revised up the growth forecasts for the Hellenic economy for this year from 3.6% initially expected to 5.9%.

This new figure was supported by the statistics office Helena, which assured that in the second quarter of 2021 the Greek gross domestic product (GDP) grew by 3.4% compared to the previous one and in the year-on-year comparison it shot up by 16.2 %, exceeding all expectations after a decline in 2020 of 8.2% caused by the hit of the pandemic on tourism.

(c) EFE Agency

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