Moody’s ratings, the last of the “big ones” to still lack the investment level in the Greek economy, proceeded on Friday’s coveted upgrading on Friday, finally erasing the “stigma” left by the debt crisis.

In particular, Moody’s upgraded Greece’s long -term credit rating In “BAA3” by ‘ba1’ previously, with constant perspectives from positive.

As the house states, the upgrade reflects his view that Greece’s credit profile is now more durable to potential future dangers.

The country’s fiscal situation, Moody’s notes, has improved much faster than she expected.

The house adds that, given the policy pursued by the Government, the institutional improvements of fruit and the stable political environment expects that Greece will continue to display significant primary surpluses which will firmly reduce its high debt.

Moody’s also stresses that The health of the country’s banking sector continues to improvewhich limits the risk of a credit event related to the banking sector, a development that could have a negative impact on the country’s credit profile.

The steady prospects, according to Moody’s, reflect the balance between the fact that some of Greece’s main credit challenges will delay the improvement of the positive prospects related to the stability of the institutions and policy implemented by the government.

In terms of the challenges Facing Greece, the firm notes that time is required to complete institutional and economic structural reforms, and adds that although the ratio of GDP has declined rapidly in recent years, it remains one of the highest among the countries it is watching.

The house adds that the Greek authorities use the positive potential created by the resources of the RRF Fund (RRF) to implement favorable credit policies.

The upgrade of Moody’s cuts every remaining bond with the chaos of debt, successive rescue programs and the economic turmoil that has shaken Greece for more than a decade.

On the contrary, the S & P Globalthe Fitchthe Morningstar DBRS and the Scope Ratings They have long given the investment level in Greece, and recently Scope (in December 2024) and DBRS (last Friday 7/3) further upgraded the evaluation of the Greek economy, citing the best of the expected fiscal performance, significant debt reduction and rapid growth.

It is noted that this year the “dance” of the evaluations began the DBRS, which upgraded the long-term credit rating capacity of the Greek economy to “BBB” by “Low), with steady perspectives, and the short-term R-2 (HIGH) R-2 (HIGH).

As the house pointed out in his report, the upgrade reflects his view that the risks to the banking system have receded, while at the same time continuing over -performance of budgetary targets.

The next tie-a-tete of the Greek economy with the houses is at April 18so her first “verdict” is scheduled S & P Global for this year.

Hatzidakis: Greece leaves the past behind

“Greece leaves the past, a springboard for further rise,” National Economy and Finance Minister Kostis Hatzidakis said of Moody’s upgrading the Greek economy.

In detail the statement:

“I am glad that my latest statement as Minister of National Economy and Finance is about the awarding of the Greek economy by Moody’s, one of the most important credit rating firms internationally.

Today’s upgrade marks the closure of a large circle for the Greek economy and certifies the country’s return to European regularity. It is the result of the systematic effort that has been made in the last 5.5 years which was not easy, amid international crises and geopolitical instability. And it is obviously a success not only for the government, but of all Greeks.

Now, after Moody’s’s evaluation today, all the European Central Bank recognized the Greek economy is ranking the Greek economy in the investment level. At the same time, upgrading from Moody’s also marks the start of a new cycle. Because the upward course must continue in order for our country to rise even higher. It is up to us not only to leave the crisis permanently behind, but also to continue the upward course of recent years, with plan, seriousness and determination to improve the lives of Greeks and to ensure a positive future for our country.

Moody’s announcement regarding the results of the government’s economic policy is eloquent and no more comments are needed. It is highlighted, among other things, the rapid debt reduction, the increase in tax evasion revenue, without increasing taxes but – on the contrary – by reducing insurance contributions, over -budgeting, the reduction of red loans.

But tangible proof of the progress of the Greek economy is the striking response of investors to the bond editions that the ODRAX proceeded yesterday. Greece has asked the markets of 3 billion euros and, despite international uncertainty, has raised more than € 56.5 billion bids, which is the largest amount recorded for any joint venture from our country.

It is also important that yesterday’s editions and those that preceded the beginning of the year, most of the country’s loan needs for 2025 were met. And safety nets for any possible turmoil may arise in international markets in the coming months. Well done to the ODIX, Bravo to all the contributors to great national success. “