S&P awards investment grade, bringing arduous cycle for economy to a close

Economy Tags: Debt, Markets, Ratings
Photo by MacroPolis
Photo by MacroPolis

S&P became on Friday the first of the three leading rating agencies that restored Greece to investment grade, bringing to a close an arduous period for the country that started at the end of 2009 and was sealed with the signature of the first adjustment programme with the eurozone and the IMF in May 2010.

S&P moved Greece up by one notch to ‘BBB-‘, with a stable outlook.

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