Fitch Affirms Greece at 'BB'; Outlook Stable | Hellenic Shipping News Worldwide
Fitch Affirms Greece at ‘BB’; Outlook Stable Greece’s ratings reflect weak medium-term growth potential, still very high levels of non-performing loans (NPL) in the banking sector and very large stocks of general government and net external debt. These weaknesses are balanced by high income per capita levels that far exceed both the ‘BB’ and ‘BBB’ medians, and governance scores above most sub-investment grade peers’. The Stable Outlook reflects our view of the sustainability of Greece’s public finances, even after the severe shock to the economy and public finances from the ...
Source: hellenicshippingnews.com