Fitch / REUTERS / Photo (file) Reinhard Krause
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The credit rating house Fitch confirmed Greece's debt to BBB+ with stable prospects. He had upgraded Greece last November within the investment tier...
In his announcement, the house Fitch says its assessment is based on the highest level of per capita income of Greece compared to the average of countries in the tier «BBB» and the governance indicators that are slightly higher above it, as well as in a credible policy framework reinforced by participation in the EU and the euro area.
«The fiscal and macroeconomic adjustment has accelerated in recent years, strengthening the fundamental dimensions and credibility of policy.
These advantages are weighed against the consequences of the sovereign debt crisis, in particular the very high but steadily decreasing burden of public debt, the significant loss of GDP, persistent external imbalances and potential liabilities of the banking sector», reports Fitch.
