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Moody's upgrades Greece to investment grade on strong fiscal recovery and stability
- Moody's upgraded Greece's credit rating from Ba1 to Baa3, moving the country out of junk territory after years of debt crisis, according to Moody's Ratings.
- Greece has experienced improved economic growth, with projected GDP growth of 2.5% this year, according to Greece's central bank.
- Despite improvements, many Greeks still face high food prices and low salaries, as noted in the report.
- Moody's stated that Greece's sovereign credit profile has greater resilience to future shocks, but economic structural reforms will take time.
43 Articles
43 Articles
Greece Still Fighting the Consequences of the Financial Crisis
In 2015, Greece threatened the state bankruptcy. The then Minister of Finance Schäuble warned that if the country did not save massively, its economy would be "over". Today it is better there. But the consequences are still noticeable. By T. Kleinjung and M. Pompl.
Greek PM welcomes Moody's upgrade as country secures full investment-grade status
ATHENS, March 15 (Xinhua) -- Greek Prime Minister Kyriakos Mitsotakis on Saturday welcomed Moody's upgrade of Greece's credit rating to investment grade, marking the final step in restoring the country's status across all three major international rating agencies. Read full story
Moody's upgrades Greece to investment grade on strong fiscal recovery and stability
Global ratings agency Moody's upgraded Greece's rating to "Baa3" from "Ba1" on Friday, citing quicker-than-expected improvement in public finances and the country's greater resilience to potential future shocks.
Greek PM Kyriakos Mitsotakis hails Moody's upgrade as ‘final step’ in economic recovery
During a decade of economic crisis between 2008 and 2018, public debt and deficit exploded leading to soaring interest rates and ratings agencies progressively downgraded Greece's credit rating
Moody’s Upgrades Greece to Investment Grade
A new cycle starts for Greece following its economy rating upgrade by Moody’s to investement grade. Credit: Tomas Wolf / Wikimedia Commons CC BY-SA 3.0 DE Credit ratings agency Moody’s on Friday upgraded Greece’s rating to Baa3 from Ba1 on Friday, placing the country at investment grade for the first time since the Greek recession. Moody’s was the last remaining major ratings agency that had continued to classify Greece as non-investment grade, …
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