The credit rating agency Fitch last night upgraded the country’s credit rating to BBB- with a stable outlook from BB+ – giving Greece the investment grade.

It is the fourth house taken into account by the European Central Bank, which ranks Greek bonds in the investment grade, as they were preceded by Scope Ratings in August, DBRS in September and S&P in October.

Fitch is also the second of the big three US rating agencies, after S&P, to give it an investment grade and this will allow more institutional investors to buy Greek bonds, thus increasing capital inflows and further helping to contain borrowing costs of the Greek government and businesses.

The Minister of National Economy and Finance, Kostis Hatzidakisdescribed the upgrading of the Greek economy as a “great national success”, which “officializes the promotion of Greece in the investment category”.

“The result of the systematic work done by the Mitsotakis Government and further strengthens the international vote of confidence in the reform policy being followed” characterized the upgrade by Fitch the Deputy Minister of National Economy and Finance, Nikos Papathanasis.