Our View: Making the Grade
CEO, Enterprise Greece
Step by step, Greece is re-establishing its credentials with international investors. Last month, Standard & Poor’s recognized the country’s progress with its ongoing recovery and reform program, upgrading the credit rating for the country one notch to BB from BB-. The agency also maintained its positive outlook for Greece, meaning that another upgrade lies ahead.
International investors have already returned to Greece’s equity and debt markets and the country is now borrowing at historically low rates. Despite the impact of the coronavirus pandemic – both on the global and the Greek economy – foreign direct investment and exports remain resilient.
The Greek government’s commitment to economic and fiscal reform is yielding dividends. And, after more than a decade of difficult adjustment, Greece’s return to investment grade status is within sight.