The government expects Greece to regain an investment grade rating within the first half of 2023, Minister of State Giorgos Gerapetritis underlined in an interview with the website Capital.gr on Thursday.
“This will returns us to the economically strong states, to the states that have economic and fiscal normalcy,” he pointed out.
He stressed that “our hope is indeed that Greece will achieve investment grade status in the first half of 2023,” while adding that all the indicators are good. He also referred to the 10-year bond issue on Tuesday, noting that this had ranged at very good levels and was covered 6-7 times.
“We are optimistic, but – and I want to be clear – the timing of the elections will not depend on [achieving] investment grade,” he clarified.
Regarding the fact that the Greek elections will roughly coincide with those in Turkey, he emphasised that “obviously, the elections will take place at the time chosen by the prime minister. All matters relating to national and economic issues will be taken into account.”
With respect to Greek-Turkish relations, meanwhile, he underlined that “there is absolutely no cause for concern”.