The Greek economy has a 90% probability of being upgraded by Moody’s in 2024, according to US-based investment bank JP Morgan, with the anticipated date possibly being March 15th. JP Morgan estimates the likelihood of upgrades from other rating agencies to be 30%.
The assessment is part of JP Morgan’s analysis released today regarding potential rating changes in 2024 across the Eurozone, with the leading banking institution giving the upcoming upgrade of the Greek economy a prominent position.
Generally, JP Morgan expects that rating actions for Eurozone countries will be limited in 2024, given the several positive assessments in the Eurozone during 2023. Cyprus, Greece, Ireland, Portugal, and Austria benefited from improved prospects and/or rating upgrades.
JP Morgan’s main scenario posits that Italy is unlikely to be downgraded, while risks overall remain balanced, given the estimation that the Meloni government will maintain a prudent stance regarding fiscal policy and the EU.
Possible upgrades could result from better-than-expected macroeconomic and fiscal outlooks supported by funds from the Recovery and Resilience Facility. Downgrade risks could be linked to more pronounced-than-expected macroeconomic and unpredictable political risks.
JP Morgan highlights the high probability of Moody’s upgrading Greece to an investment grade in 2024. It also sees significant probabilities (>=50%) for further upgrades in Cyprus (S&P and Moody’s), Ireland (Fitch), and Portugal (S&P).
There is also a low probability (~30%) of possible downgrades in Belgium (Fitch) and France (S&P).
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
DM Dendias: We talk With Turkey But We Always Bring Up Their Unacceptable Positions
Second and last day of closely watched conference, entitled 'Metapolitefsi 1974-2024: 50 Years of Greek Foreign Policy', also included appearances by PM Mitsotakis, Ex-PM Tsipras and PASOK leader Nikos Androulakis, among others
Rhodes Airport Tops Fraport Greece’s Regional Airports in 2024 Performance
According to Fraport's data, more than 35 million passengers (specifically 35.2 million) were handled by Fraport-managed airports during the 11 months.
European Central Bank Cuts Interest Rates by 25 Basis Points
It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.
Airbnb: New Measures Add €600 in Extra Costs for Property Owners
Property managers face an immediate administrative fine of 5,000 euros if access to the inspected property is denied or any of the specified requirements are not met.
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
![Φυσικό αέριο: Δυναμικό come back του LNG στην Ελλάδα [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/01/OT_naturalgas-90x90.jpeg)
![Fraport: Πάνω από 35 εκατ. επιβάτες στα αεροδρόμια το 11μηνο – Πτώση στη Μύκονο [πίνακας]](https://www.ot.gr/wp-content/uploads/2022/06/fraport-90x90.jpg)
![Φυσικό αέριο: Δυναμικό come back του LNG στην Ελλάδα [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/01/OT_naturalgas-600x474.jpeg)
