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Fitch: Upgraded Greece to "BB" with positive outlook
The international credit rating firm Fitch advanced one-tier on Friday night to upgrade the Greek economy .
According to the ratings agency's report, Greek debt sustainability continues to improve, supported by a stable policy framework, sustained GDP growth and a history of budgetary over-performance relative to targets.
The Fitch believes -malista the records in sigoura- that will agree with the institutions for the surplus target.
Greece is two steps away from the Fitch rating, three on S&P , DBRS and four on Moody's . However, firms, in their previous analysis, estimate that Greece will pass the threshold of the investment grade in the next two to four years and when the banks will eliminate a large share of their non-performing exposures.
At a similar wavelength the DBRS also moved, which maintained the Greek rating at BB (low) on November 1st, but upgraded its outlook to positive from stable.
The positive outlook reflects improved prospects for political stability and policy implementation after the July elections, but also greater confidence that debt will continue to decline positively.
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