Greece and Spain are the first countries that will be impacted by a prospective credit rating upgrade in two weeks by S&P and Fitch, according to the financial website Zonebourse.
The report says that Greece and Portugal could be the big winners from an upgrading by credit agencies this year.
In accordance with the CRA regulation of the European Securities and Markets Authority (ESMA), the three agencies – Moody’s, Fitch, and Standard & Poors – published their timetable for reviewing government bonds.
Greece has positive prospects for inclusion in the Caa2 (Moody’s) and B- (S&P and Fitch) ratings categories, and Spain will benefit from positive prospects as regards inclusion in the BBB+ ratings
Greece and Spain, then, will be the first countries to be positively impacted by an upgrading by S&P and Fitch.
On 2 February, it will be the turn of Cyprus, which could approach investment grade in Moody’s rating, which currently enjoys a Ba3 rating with positive prospects.