BUSINESS

Fitch: Implementation of measures will buoy Greek rating

TAGS: Economy

Fitch Ratings issued a new report on Thursday providing a country-by-country overview of sovereign credit trends in Western Europe.

Key themes identified in the report include the negative impact of Brexit, political uncertainty and public finance developments.

It said that a successful implementation of the bailout program supported by the European Stability Mechanism would put upward pressure on Greece’s ratings over the medium term.

It added that in Cyprus an acceleration in bank loan restructuring, continued economic growth and sovereign market access could lead to an upgrade.

[Reuters]

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