According to a comprehensive report from Worldway Immigration: Based on the latest statement provided to China Securities Journal by the renowned Canadian rating agency DBRS, the agency has announced an upgrade to Greece's sovereign credit rating. According to the statement, DBRS has raised Greece's long-term foreign and local currency issuer ratings from “CCC (high)” to “B”. The short-term foreign and local currency issuer ratings were raised from “R-5” to “R-4”, with both outlooks remaining stable.
DBRS stated that the rating adjustment signifies a reduction in the risks of Greece exiting the Eurozone and further private debt restructuring. Furthermore, based on economic and financial adjustment programs, progress in achieving fiscal targets may help the country continue to receive support from creditors. DBRS also expects the country's GDP to return to growth this year.
Worldway Immigration Editor
