In its announcement, the house says that the upgrade by two notches reflects its view that the Greek economy, public finances, institutions and the banking system are experiencing a deep structural change, which will support a continued substantial improvement in credit quality indicators. and resilience to future potential shocks.
Credit rating agency Moody’s upgraded Greece’s credit rating by two notches to Ba1 from Ba3, one step below investment grade, a week after DBRS gave Greek bonds investment grade.
In its announcement, the house says that the upgrade by two notches reflects its view that the Greek economy, public finances, institutions and the banking system are experiencing a deep structural change, which will support a continued substantial improvement in credit quality indicators. and resilience to future potential shocks.
In particular, he notes, the government’s parliamentary majority after the June elections provides a high degree of political certainty and policy certainty for the next four years, reinforcing the continued implementation of past reforms and the planning of further structural reforms, which support the expectations of Moody’s for further economic and fiscal support.
Source: Skai
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