Moody’s: Double upgrade of the Greek economy to Ba1 from Ba3 – Newsbomb – News

The Greek economy has moved one step below investment grade, following a double upgrade by Moody’s.

A week after the investment grade DBRS awarded Greece, comes the investment grade Moody’s To upgrade Greece in two steps from Ba3 to Ba1.

It should be noted that a certain house maintained Greece three levels below the investment level, while Fitch and Standard & Poor’s They give a rating of BB+, one step below investment grade.

Last Friday, the DBRS awarded the coveted investment grade to our country, something that has been done before Domain This is not recognized by the European Central Bank.

Comment on the upgrade from Moody’sMinister of National Economy and Finance Kostis Hatzidakis:

“The two-notch upgrade in Greece’s credit rating by Moody’s is not just another bonus for the government’s overall fiscal and economic policy. This is essentially evidence that the government must remain faithful to the policy of fiscal seriousness. A policy that will continue, despite the difficulties, to adhere to the objectives that were set and the corresponding primary surpluses were achieved. We have achieved a lot in the economy in the past four years. We are judged every day and there is no reason to lose the progress that has been made. We will steadfastly continue to combine social sensitivity with fiscal responsibility..