S&P Upgrades Greece’s Public Power Corporation Rating to BB-

ATHENS – Standard and Poor’s on Monday upgraded the Public Power Corporation’s (PPC) credit rating to BB- from B+ with a stable outlook.

In its report, the rating agency pointed out that the additional profitability from energy production is financing the subsidy of consumers and also that the possible imposition of a windfall profits tax on the energy sector will have a small impact on the company as profit margins in retail are very low.

S&P proceeded with the upgrade of PPC after an upgrade of the Greek economy on April 22 with the reasoning that, if needed, the state, which holds 34 pct of PPC stock, will have greater ability to support the company.


ATHENS - Greece's ships have long ruled the world waves behind its oligarchs, but Greek shipbuilding has not, its dormant state set to be turned around in a reopening that's seen as helping the European Union maritime technology sector too.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.


Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.