Moody's explains cautious approach to Greek credit rating upgrade

Economy Tags: Ratings
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Contrary to the expectations that it might upgrade Greece’s credit rating during a scheduled update last week, Moody’s announced that it would not make any change, keeping the country at B3 and the outlook positive.

Moody’s closes this round of credit rating reviews for Greece, which started in the summer as the country was on route to complete its third adjustment programme.

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