Sudden Moody’s upgrade of Greece’s long-term foreign currency debt to B1

4 March 2019
69 Views

Moody’s provided a much-needed fillip to the Tsipras government in Athens, raising Greece’s long-term foreign currency debt was upgraded to B1, with a stable outlook from B3.

The development supports the Greek government’s plan to foray into the markets over the coming period to sell new debt, which in itself increases economic confidence and helps ruling but poll-trailing SYRIZA in its pre-election campaign

The new ranking is still four levels below investment grade.

“The ongoing reform effort is slowly starting to bear fruit in the economy,” Moody’s said.

You may be interested

The Ancient Greek roots of Feta Cheese
GREECE
shares1013 views
GREECE
shares1013 views

The Ancient Greek roots of Feta Cheese

Panos - Mar 18, 2019

As Greece fights to maintain the name of feta cheese as a Protected Designation of Origin (PDI) product, the Real…

A secret Knights Templar tunnel that remained hidden for 700 years
WORLD
shares31 views
WORLD
shares31 views

A secret Knights Templar tunnel that remained hidden for 700 years

Panos - Mar 18, 2019

In the Middle Ages, crusaders from the Latin West left an indelible mark on the cities of the Near East,…

Lost languages discovered in one of the world’s oldest libraries
WORLD
shares30 views
WORLD
shares30 views

Lost languages discovered in one of the world’s oldest libraries

Panos - Mar 18, 2019

At the foot of Mount Sinai, the mountain atop which God is said to have given Moses the Ten Commandments,…

Leave a Comment

Your email address will not be published.