{"id":264592,"date":"2025-11-15T16:47:08","date_gmt":"2025-11-15T16:47:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/264592\/"},"modified":"2025-11-15T16:47:08","modified_gmt":"2025-11-15T16:47:08","slug":"fitch-lifts-greeces-rating-on-strong-fiscal-position","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/264592\/","title":{"rendered":"Fitch lifts Greece\u2019s rating on strong fiscal position"},"content":{"rendered":"<p>                            <img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2025\/11\/417f8180e6a97197219a093bfd1d7a5e_akinetashutterstock_752973460-1.jpg\" alt=\"Fitch lifts Greece\u2019s rating on strong fiscal position\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/11\/417f8180e6a97197219a093bfd1d7a5e_akinetashutterstock_752973460-1-960x600.jpg\"\/><\/p>\n<p>Global ratings agency Fitch upgraded Greece\u2019s long-term foreign-curency issuer default rating by a notch to \u201cBBB\u201d on Friday, reflecting the country\u2019s strong budget performance and debt reduction.<\/p>\n<p>\u201cRecent fiscal outturns and 2026 budget plans underscore the government\u2019s strong commitment to fiscal prudence,\u201d the agency said in a statement.<\/p>\n<p>The Balkan nation expects its economy to grow faster in 2026, outperforming major European economies benefiting from higher investment and robust consumer spending.<\/p>\n<p>Greece has emerged from a draining 2009-2018 financial crisis and has exceeded its fiscal targets, partly thanks to robust receipts from tackling tax evasion and expanding electronic payments.<\/p>\n<p>The agency also revised Greece\u2019s outlook to \u201cstable\u201d from \u201cpositive\u201d, with the country\u2019s economic strengths set against the legacy of the sovereign debt crisis, particularly the very high but steadily declining public debt burden, the significant loss of economic output, persistent external imbalances and contingent liabilities from the banking sector.<\/p>\n<p>\u201cThe Greek economy is on a steady growth path, despite various recent external challenges, including geopolitical and trade shocks,\u201d Fitch added. [Reuters]<\/p>\n","protected":false},"excerpt":{"rendered":"Global ratings agency Fitch upgraded Greece\u2019s long-term foreign-curency issuer default rating by a notch to \u201cBBB\u201d on Friday,&hellip;\n","protected":false},"author":2,"featured_media":264593,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-264592","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/264592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=264592"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/264592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/264593"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=264592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=264592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=264592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}