Moody's ups GGB rating by two notches, on par with S&P and Fitch

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

Moody’s upped on Friday night Greece’s credit rating by two notches to ‘Ba1’ with a stable outlook, coming on par with the other two leading rating agencies that had Greece one notch below the investment grade.

Moody’s had not taken any rating action on Greece since November 2020 as finances were tested by the COVID pandemic and the energy crisis following the invasion of Ukraine.

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