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BRIEF-Moody's says Greece's credit profile improving, but high public debt remains constraint
July 11, 2017 / 5:58 PM / 4 months ago

BRIEF-Moody's says Greece's credit profile improving, but high public debt remains constraint

July 11 (Reuters) - Moody’s :

* Moody’s says Greece’s credit profile is improving, but high public debt and uncertainties regarding effective implementation of reforms remain constraints

* Moody’s says Greece’s credit metrics are on an improving trend, with economic growth turning positive and the public finances on more solid footing than in past

* Moody’s says expects Greece’s debt burden to stabilise this year and start declining slowly from next year onwards, reaching 176% of GDP in 2018

* Moody’s says Greece’s credit profile remains constrained by high level of public debt, weak banking sector, uncertainties regarding effective implementation of reforms

* Moody‘s-Believes Greek government will manage to attain substantial primary surpluses this year and next, given measures implemented under external support programme‍​

* Moody‘s-Expects to see positive growth for Greece this year, after 3 years of stagnation, cumulative loss in output of more than 27% since onset of crisis‍​ Source text for Eikon:

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