Rating agencies concur in improved prospects for Greece

Economy Tags: Austerity, Debt, GDP, Ratings
Photo by Panayotis Tzamaros/Fosphotos
oto by Panayotis Tzamaros/Fosphotos

The June 15 Eurogroup agreement that concluded the protracted second review of Greece’s programme became the catalyst for the three main rating agencies to update their ratings, or the outlook, for the country.

Moody’s was the first to update Greece’s creditworthiness in its scheduled review, upping the rating by one notch to ‘Caa2’ with an improved outlook from stable to positive.

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