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GreeceBusinessEconomy & Finance Ministry: Moody’s analysis records significant progress in the Greek...

Economy & Finance Ministry: Moody’s analysis records significant progress in the Greek economy

Hellenic News of America
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Moody’s began upgrading the Greek economy by two notches just six months ago, on September 15, 2023. No further upgrade was expected in such a short period of time, the established practice of rating agencies is to allow a reasonable amount of time between upgrades, both in terms of evaluation and prospects (outlook).

This was stated by the Ministry of Economy and Finance regarding the rating agency’s announcement last Friday, maintaining the credit rating of the Greek economy at Ba1 with stable prospects, without assigning an investment rating.

According to the Ministry, Moody’s is “ the last agency from which we expect the investment grade, already awarded to the Greek economy by Standard and Poor’s, Fitch, DBRS, R&I, and Scope”.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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