S&P revises upwards OPAP´s outlook to Positive from Stable

Tuesday, August 1st, 2017
Last Update: 09:36

S&P revised yesterday its outlook on OPAP to Positive from Stable, previously.

At the same time the agency affirmed its ΄B΄ long-term corporate credit rating on the company.

As per S&P, the outlook revision mirrors the action taken on Greece on 21Jul’17, while noting that If Greece΄s sovereign creditworthiness strengthens and OPAP΄s stand-alone credit profile remains at the current level then they could raise the long-term rating on OPAP, as it would no longer be constrained by S&P’s assessment of Greece΄s creditworthiness.

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