国际评级：安融（香港）评级确认希腊共和国“BBB-”国际评级；展望:稳定
国际评级：安融（香港）评级确认希腊共和国“BBB-”国际评级；展望:稳定
2024年12月5日，中国香港。安融（香港）评级确认希腊共和国（简称“希腊”）的长期主体评级为“BBB-”，展望为“稳定”。
评级结果肯定了希腊政治制度较为完善，希腊政府对经济和财政的管理能力较强，财政状况显著改善，财政赤字下降明显，政府和企业融资管道畅通；同时也关注希腊债务总额规模较大，债务总额占GDP比例较高，经常账户收入对外债的保障程度较低，外债偿付实力弱，全球宏观经济形势呈现出复杂多变的态势，导致希腊经济增长面临不确定性，日益加重的人口老龄化形势将持续影响希腊的经济活力并对公共财政构成压力。
关键评级观点
优势
希腊政治制度较为完善，希腊政府对经济和财政的管理能力较强；
希腊财政状况显著改善，财政赤字下降明显；
希腊政府和企业融资管道畅通。
关注
债务总额规模较大，债务总额占GDP比例较高；
经常账户收入对外债的保障程度较低，外债偿付实力弱；
全球宏观经济形势呈现出复杂多变的态势，导致希腊经济增长面临不确定性；
日益加重的人口老龄化形势将持续影响希腊的经济活力并对公共财政构成压力。
评级展望
希腊财政情况持续改善，债务负担持续下降，未来将持续获得欧盟委员会复苏和恢复基金的资金支援。综合考虑，安融（香港）评级授予希腊的信用评级展望为稳定。
注：
1、上述评级均为主动评级。
2、本文译自英文版新闻稿。若有分歧，以英文版为准。
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相关信用评级委员会召开日期：2024年12月5日
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《主权信用评级方法和模型》（2024年11月28日）
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本次评级依据评级对象已经正式对外公布的信息，相关信息的合法性、真实性、完整性、准确性和及时性由评级对象及其信息发布方负责。安融(香港)评级按照相关性、及时性、可靠性的原则对评级信息进行了审慎分析，但对上述信息的合法性、真实性、完整性、准确性和及时性不作任何保证。评级结果未考虑无法获取的可能对信用等级有重要影响的非公开资料。
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ARHK Affirms ‘BBB-’ International Rating to Greece, Outlook Stable
5 December 2024
Hong Kong, December 5, 2024. ARHK has affirmed an international scale long-term issuer credit rating of ‘BBB-’ to the Hellenic Republic (hereinafter referred to as ‘Greece’), with a stable outlook.
The rating results confirm that the political system in Greece is relatively well-developed, the Greek government has strong management capabilities in the economy and finance, the fiscal situation has improved significantly, the fiscal deficit has decreased obviously, and the financing channels for the government and enterprises are unobstructed. At the same time, concerns remain in the large scale of Greece's total debt, the high proportion of total debt to GDP, the low degree of protection of current account income for external debt, the weak ability to repay external debt, and the complex and changing global macroeconomic situation, which leads to uncertainty in Greece's economic growth. The increasingly aging population situation will continue to affect Greece's economic vitality and put pressure on public finances.
KEY RATING PERSPECTIVES
Strengths
The political system in Greece is relatively well-developed, and the Greek government has strong management capabilities in the economy and finance.
Greece's fiscal situation has improved significantly, and the fiscal deficit has decreased obviously.
The financing channels for Greece's government and enterprises are unobstructed.
Weaknesses
The scale of Greece's total debt is large, and the proportion of total debt to GDP is high.
The degree of protection of current account income for external debt is low, and the ability to repay external debt is weak.
The global macroeconomic situation is complex and volatile, causing uncertainty in Greece's economic growth.
The increasingly aging population situation will continue to affect Greece's economic vitality and put pressure on public finances.
RATING OUTLOOK
Greece's fiscal situation continues to improve, and its debt burden continues to decline. In the future, it will continue to receive financial support from the European Commission's Recovery and Rehabilitation Fund. Taking all factors into consideration, ARHK assigns a stable outlook to the credit rating of Greece.
NOTE:
1. The above ratings are all unsolicited credit ratings.
2. The Chinese version of this article is translated from the English version of the press release. In case of discrepancies, the English version shall prevail.
ANALYST CONTACTS
Analyst
Lam Yui Ying
Committee Chair
James Hu
Media Contact
Rating Services Contact
Lam Yui Ying
Date of Relevant Rating Committee: 5 December 2024
Additional information is available on www.arrating.com
Related Criteria
Sovereign Credit Rating Methods and Models (28 November 2024)
DISCLAIMER
This rating is based on information officially released to the public by the rated objects. The legality, authenticity, completeness, accuracy, and timeliness of the relevant information are the responsibility of the rated objects and its information publishers. ARHK has conducted a prudent analysis of the rating information based on the principles of relevance, timeliness, and reliability, but does not guarantee the legality, authenticity, completeness, accuracy, and timeliness of the above information. The rating results did not take into account non-public information that may have a significant impact on the credit rating and could not be obtained.
Any statements and judgments regarding the credit status of the rated objects in this report are only for reference in relevant decision-making and do not imply that ARHK substantively recommends any user to invest, borrow or lend money, and trade based on this report, nor can they be used as a basis for users to purchase, sell, or hold related financial products. Under no circumstances shall ARHK, as well as its directors, shareholders, employees, or representatives be liable for any damages, expenses, costs, or losses incurred by any investor (including institutional and individual investors) as a result of using the analysis results presented in this report, nor shall they be liable for any consequences arising from the use of this report by the rated objects or their issuers or providing this report to other parties.