China News Service, April 26, according to the European Union, citing the Greek Europa News Agency, the three major international rating agencies of Standard & Poor's, Fitch and DBRS Morningstar lowered the Greek economic outlook from 24 to 25. In this regard, Greek Finance Minister Stakulas said that the authorities' interpretation of the rating agency is not negative and will not affect the European Central Bank ’s plan to purchase Greek bonds.

On April 20, local time, during the New Coronary Pneumonia epidemic, medical staff from the Greek Evangelical Hospital in Athens listened to the concert of the Greek National Radio Symphony Orchestra in the courtyard. The picture shows the band playing in the hospital.

  According to reports, Fitch confirmed Greece ’s sovereign credit rating as “BB” in the report, but lowered the Greek economic outlook from “positive” to “stable”. Standard & Poor's also issued a report to maintain Greece's sovereign credit rating at "BB-", but lowered the Greek economic outlook from "optimistic" to "stable."

  DBRS Morningstar then confirmed Greece's "BB (low)" rating and adjusted the Greek economic outlook to "stable". The predictions of the above three international institutions are based on the expectation that "the Greek economy will decline this year and then rebound next year."

  Greek Finance Minister Stakulas said that the Greek authorities' interpretation of the reports of the three major international rating agencies is not negative. He believes that these institutions have maintained the sovereign credit rating of Greece, the market has already taken into account (evaluated by the new crown epidemic) these assessment factors, there is no sign that the European Central Bank's purchase of Greek government bonds is affected.

  The Greek public debt management agency successfully issued 7-year bonds on April 15. Market analysis believes that this is the initiative taken by the Greek government to strengthen its financial strength during the period of global financial turmoil and the epidemic. This batch of 7-year bonds is the second time the Greek government issued bonds this year. The last bond issue was on January 27, when the issuance of 15-year bonds also caused market enthusiasm.

  Not long ago, the European Central Bank announced on April 7 that it accepted Greek national debt as collateral to further boost Greek liquidity.

  The International Monetary Fund (IMF) recently published the "World Economic Outlook", predicting that Greece may become one of the most severe countries in the world due to the impact of the new crown epidemic. According to the International Monetary Fund, Greece ’s GDP will shrink by 10% this year, which is not far from the average 7.5% contraction of EU countries, but higher than that of all member countries of the Eurozone.

  At the same time, the International Monetary Fund predicts that the European economy will rebound strongly next year. For Greece, the International Monetary Fund expects Greece ’s economic growth rate to be 5.1% in 2021, slightly higher than the euro zone ’s average of 4.7%. (Liang Manyu)