Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead

Economy Tags: Markets, Ratings, Reforms
Photo by Pavlos Svoronos/Fosphotos
Photo by Pavlos Svoronos/Fosphotos

In an unexpected move on Friday night, Moody’s upgraded Greece’s credit rating by one notch to ‘Ba3’ from ‘B1’, while it kept the outlook stable.

Moody’s, which has its own rating scale, had not taken any upgrade action since March 2019 and was trailing the rest of the leading agencies. In October last year, S&P had raised Greece’s credit rating to ‘BB-‘, while Fitch moved Greece up to ‘BB’ in Ja...

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