AFP, Athens :
Greece on Saturday welcomed its foreign debt rating upgrade by Standard and Poor’s as proof of further growth after a nearly decade-long debt crisis.
Emerging from its third straight bailout last year, Greece has a public debt of more than 180 percent of gross domestic product and remains under strict supervision by its creditors.
S&P citing an improved budget outlook and solid growth prospects raised its grade for Greece’s foreign debt a notch to BB- on Friday.
“Greece’s sovereign debt rating upgrade by Standard & Poor’s proves that our economy is growing ever stronger,” Prime Minister Kyriakos Mitsotakis said in a tweet.
Greece on Saturday welcomed its foreign debt rating upgrade by Standard and Poor’s as proof of further growth after a nearly decade-long debt crisis.
Emerging from its third straight bailout last year, Greece has a public debt of more than 180 percent of gross domestic product and remains under strict supervision by its creditors.
S&P citing an improved budget outlook and solid growth prospects raised its grade for Greece’s foreign debt a notch to BB- on Friday.
“Greece’s sovereign debt rating upgrade by Standard & Poor’s proves that our economy is growing ever stronger,” Prime Minister Kyriakos Mitsotakis said in a tweet.
