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Energy leads 1.4 pct YoY drop in producer prices for Oct
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Fitch rating upgrade concludes another successful year for GGBs
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Low-productivity economy a legacy of adjustment without transformation
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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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