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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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Greek industrial output rose 3.1% in November compared to the same month a year earlier, after a downwardly revised 10.2% increase in October, data from statistics service ELSTAT showed on Wednesday, Reuters reported. A breakdown of index components showed manufacturing production rose 2.8% from the same month in 2022. Electricity output was up by 4.0% year-on-year, and mining production was up by 5.9%.
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Greece’s credit rating was raised to investment grade by S&P Global Ratings — the first such move by one of the big three assessors since the country was shaken by a debt crisis more than a decade ago, Bloomberg News reported. Friday’s decision puts Greece at BBB- with a stable outlook. S&P joins Japan’s Rating and Investment Information Inc., Germany’s Scope Ratings and Canada’s DBRS Morningstar in lifting the nation out of junk territory. All did so following June’s resounding re-election of reformist Prime Minister Kyriakos Mitsotakis.
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