S&P again rates Greece as investment-worthy following positive developments in national debt.

S&P again rates Greece as investment-worthy following positive developments in national debt.

According to a report by amp2.handelsblatt.com, Greece has again been classified as investment-worthy by the rating agency S&P. The southern European country's credit rating was upgraded from "BB+" to "BBB-", giving Greece investment grade status. This decision was made due to the favorable development of national debt. Greece was downgraded to junk status in the wake of the 2010 debt crisis.

This upgrade is expected to have a positive impact on the market, consumer and industry. Improved creditworthiness attracts increased investment, which can help increase economic growth and create new jobs. Greece could also benefit from more favorable loan conditions as it is now seen as a less risky country. This could lead to the country's financial situation further stabilizing and making it easier to take out new loans.

S&P's decision also shows the international community's confidence in the Greek government's reform efforts. Greece wants to continue its positive development through the continued implementation of reforms and austerity measures.

The German rating agency Scope had already classified Greece as investment-worthy in August, reflecting the country's positive development in recent years.

Source: According to a report by amp2.handelsblatt.com,