Moody's ups GGB rating by two notches, on par with S&P and Fitch
Return to investment grade overshadowed by flood destruction
Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
Bond re-opening with 4 pct yield completes debt strategy for year
Fitch takes no rating action as fiscal continuity remains crucial to investment grade
DBRS moves Greece a notch closer to investment grade as Moody's holds off
The Greek authorities anticipated two credit rating upgrades on Friday but had to settle for one as DBRS upped the country’s rating by one notch and just one step away from investment grade. The outlook was also revised from positive to stable.
Moody’s did not publish a review report, probably due to the heightened uncertainty of the times and until further clarity is evident. Moody’s had upgraded Greece in November 2020, to ‘Ba3’, which is three notches away from investment grade.
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