“The upgrade reflects our view that Greece’s sovereign credit profile now has greater resilience to potential future shocks. The public finances have improved more quickly than we had expected,” Moody’s said.
Moody’s Ratings lifted Greece’s rating status to investment grade Friday, putting an official end to the country’s junk status era that started back in 2010.
The ratings firm raised Greece’s long-term sovereign rating to Baa3 to Ba1 with the outlook changed to stable from positive, according to a statement.
