AOC is the rating of Greece to “B” to “B”, stable outlook – Le Parisien

<- Hard dé e: 0.023621082305908 sec -> The credit rating agency Standard and Poor’s (SP) said Friday a notch the rating of Greece, a country in the euro zone had to be rescued during the debt crisis, while predicting another year of decline in GDP in 2014, unlike the government.
The note of “B” to “B” with a stable outlook, according to SP, which emphasizes the improvement of the Greek economy, both in terms of the dynamics of GDP and public finance.
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Already Aug. 2, another financial agency, Moody’s, had raised his rating of Greece by two notches to Caa1
In both cases, the note shows that retaining the country’s debt remains very speculative or risky.
SP, however, “the Greek government has made substantial budgetary efforts and we expect it to maintain the primary budget surplus (excluding debt service, ie) to about 2% of GDP in the coming years, “the statement said.
Moreover,” we expect that from next year Greece emerges from 7 consecutive years of decline in GDP, “the agency said.
Predicting a SP 2014 with Greece’s GDP fell by 0.2%, before a 1.9 % next year, shower just hope the Government to end the recession this year, as the budget expects a surge in GDP of 0.6%.
But with a first quarter to -1.1% compared to the same in 2013, and second quarter to 0.3%, achieve growth this year is difficult, although a record tourist season should mark for the first time after 24 consecutive declines over the year, quarterly GDP growth in Q3.