Fitch on Greece.

Kathimerini English - - Front Page -

since July 2007. How­ever, Markit noted that con­di­tions sur­round­ing de­mand re­mained par­tic­u­larly vul­ner­a­ble as new or­ders were once again re­duced due to the largely neg­a­tive eco­nomic cli­mate and the strikes at the coun­try’s ports.

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.

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