BUSINESS

Fitch upgrades Greece rating to 'BB-' from 'B'

TAGS: Economy

Global rating agency Fitch Ratings upgraded the long-term foreign currency issuer default rating on Greece to ‘BB-‘ from ‘B’.

The outlook on Greece is stable, Fitch said on Friday.

Greece’s banking sector is getting better, Fitch noted, adding that the country’s relationship with its European creditors has “substantially improved”.

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