Standard & Poor’s Keeps Greece’s Credit Rating to B+



Standard & Poor’s (S&P) rating agency kept Greece’s credit rating at ”B+” on Friday, following an upgrade made in July 2018, when the agency increased the country’s rating by one notch.

According to S&P, the outlook for the Greek economy remains positive as the domestic demand is expected to get higher with a clear improvement on the country’s exports being underway.

The average growth rate of the economy for the next three years is expected to be at 2.4 percent of the country’s Gross Domestic Product (GDP), with S&P noted that there is room for improvement in the case of additional reforms being implemented in the services and goods market as well as the country’s banking system.

S&P had given a hint of its intentions on Tuesday, when it published its report for the Eurozone, noting that it didn’t intend to upgrade Greece’s rating.