Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects

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

In an unexpected move on Wednesday night, Moody’s was the latest ratings agency to upgrade Greece’s credit worthiness by two notches, to ‘B3’ from the ‘Caa2.’ maintaining the positive outlook.

Moody’s rating, which was last upgraded in the summer of 2017, was well behind those of S&P and Fitch. Both upgraded Greece to ‘B’ in the last few weeks. Moody’s rating is the equivalent of ‘B-‘ for the other two and remains a notch lower.

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