Moody’s Upgrades Greek Debt to Investment Grade
Moody’s upgraded Greece’s credit rating to Baa3, ending its 15-year junk status and marking a return to investment grade across all major agencies. This upgrade, attributed to improved public finances and a stable political environment, was welcomed by the Greek government as a significant achievement. Moody’s cited faster-than-expected improvements in public finances and ongoing debt reduction efforts as key factors. The government pledged continued commitment to reforms aimed at boosting investment, creating jobs, and ensuring sustainable economic growth.
John Q. Hosedrinker