Moody's leaves Greece's rating unchanged, one notch from investment grade

Economy Tags: Markets, Ratings
Photo by Panayiotos Tzamaros
Photo by Panayiotos Tzamaros

Despite hopes that on Friday Moody’s would complete the cycle of granting the investment grade for Greece and the country would be rewarded by all rating agencies, it left Greece unchanged at ‘Ba1’, which is one notch below the investment grade, and kept the outlook stable.

Last September, Moody’s made a bold move of upping the country’s rating by two notches with a stable outlook. This was followed by two upgrades to investment grade by S&P the following month and Fitch in early December.

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