Fitch rating upgrade seals Greece re-establishing itself as investment grade material

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

The annual credit review cycle for Greece was concluded on Friday with Fitch becoming the latest rating agency to award Greece an investment grade, upping the country’s rating to ‘BBB-‘, while keeping the outlook stable.

This brings Fitch in line with S&P, both one notch ahead of Moody’s, although Moody’s did take a rating action in September, upping GGB rating to ‘Ba1’ with stable outlook. 

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