安融（香港）評級確認希臘共和國“BBB-”國際評級；展望:穩定
安融（香港）評級確認希臘共和國“BBB-”國際評級；展望:穩定
05 12 2024
2024年12月05日，中國香港。安融（香港）評級確認希臘共和國（簡稱“希臘”）的長期主體評級為“BBB-”，展望為“穩定”。
評級結果肯定了希臘政治制度較為完善，希臘政府對經濟和財政的管理能力較強，財政狀況顯著改善，財政赤字下降明顯，政府和企業融資管道暢通；同時也關注希臘債務總額規模較大，債務總額占GDP比例較高，經常帳戶收入對外債的保障程度較低，外債償付實力弱，全球宏觀經濟形勢呈現出複雜多變的態勢，導致希臘經濟增長面臨不確定性，日益加重的人口老齡化形勢將持續影響希臘的經濟活力並對公共財政構成壓力。
關鍵評級觀點
優勢
希臘政治制度較為完善，希臘政府對經濟和財政的管理能力較強；
希臘財政狀況顯著改善，財政赤字下降明顯；
希臘政府和企業融資管道暢通。
關注
債務總額規模較大，債務總額占GDP比例較高；
經常帳戶收入對外債的保障程度較低，外債償付實力弱；
全球宏觀經濟形勢呈現出複雜多變的態勢，導致希臘經濟增長面臨不確定性；
日益加重的人口老齡化形勢將持續影響希臘的經濟活力並對公共財政構成壓力。
評級展望
希臘財政情況持續改善，債務負擔持續下降，未來將持續獲得歐盟委員會復蘇和恢復基金的資金支援。綜合考慮，安融（香港）評級授予希臘的信用評級展望為穩定。
注：
1、上述評級均為主動評級。
2、本文譯自英文版新聞稿。若有分歧，以英文版為准。
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Huchao@arrating.com
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胡超
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相關信用評級委員會召開日期：2024年12月05日
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相關的評級方法和模型
《主权信用評級方法和模型》（2024年11月28日）
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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.