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Greece closer to investment grade with ratings upgrade

article author: APAuthor: Sun, 2021-04-25 00:05
ATHENS: Greece moved closer to investment grade late on Friday after Standard & Poor’s upgraded its sovereign rating for the debt-strapped country by one notch to BB from BB- with a positive outlook.

“The upgrade reflects our expectation of a rapid improvement in Greece’s economic and budgetary performance as the adverse impacts of the COVID-19 pandemic subside,” the ratings agency said.

Greece now lies two notches below investment grade, as it continues a long climb back to recovery.Main category: Business & EconomyTags: Greece
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Nicholas ‘Nick’ Statman entered the property industry in 2001 and set up a property buying company that quickly established itself as one of the biggest in the sector. During this time the Company successfully transacted on thousands of residential properties across the UK. Nicholas Statman was an early pioneer of the ‘quick sale’ niche market which has since grown considerably with a multitude of companies now operating in the sector. Nicholas Statman has strategically built a sizeable residential and commercial property portfolio with a view to holding for optimum capital growth and a long term passive income. Nicholas Statman has been involved in almost every aspect of the property sector over a 20 year period – this includes buying and selling, development, letting and management and is now involved in the fast growing online/ hybrid Estate Agent industry.

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