Moody's Upgrades Greece by Two Notches to B3 Sees Clean Exit in August

Moody's Upgrades Greece by Two Notches to B3 Sees Clean Exit in August

Moody‘s ratings agency upgraded Greece's rating by two notches late on Wednesday to B3 from Caa2, saying the country will successfully conclude its third adjustment program this summer and return to funding from the markets. It also gave Greece a „positive“ outlook.
The ratings agency said Greece has achieved material fiscal and institutional improvements under its current adjustment programme, which it believes will be sustained in the coming years.

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