ATHENS, April 23 (Xinhua) -- U.S. rating agency Standard & Poor's upgraded Greece's credit rating by one notch on Friday, taking it one step away from investment grade after more than a decade.
S&P raised the Greek rating from "BB" to "BB+", with a positive outlook, it announced.
"The upgrade by S&P after two years of pandemic and amid a war confirms the confidence in the Greek economy," Greek Prime Minister Kyriakos Mitsotakis said on Twitter.
S&P stated that the fallout from the Russia-Ukraine conflict "appears manageable in light of considerable buffers in both the private and public sectors" of the Greek economy. ■
