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Greek minister welcomes upgrade of Greece's credit rating by Moody's

Xinhua,February 23, 2018 Adjust font size:

ATHENS, Feb. 22 (Xinhua) -- The Greek Finance Ministry welcomed on Thursday the new upgrade of Greece's credit rating by Moody's as one more sign that Greek economy is recovering from the debt crisis.

The credit ratings agency upgraded Greece's rating by two notches late on Wednesday to B3 from Caa2 on Wednesday, noting that the country is heading towards a successful completion of its third bailout this summer and return to international markets.

The new upgrade which comes after similar upgrades by other ratings agencies lately show that there are positive expectations for the Greek economy in following months and years, commented the Finance Ministry in an e-mailed press statement.

"The government continues to work steadily and intensively, committed to the country's final exit from the program in August 2018," the ministry said. Enditem

 

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