Moody’s: Upgraded Greece to Ba3, with stable prospects



Moody’s upgraded Greece’s credit rating to Ba3, with stable outlook, from B1 with stable outlook today. The house estimates that the Greek economy will shrink by 9% this year, but sees a strong recovery in 2021 He estimates that the country will record a growth rate of about 3.5% on average in the medium term. The assessment was made in conditions of unprecedented recession of the world economy and individual national economies, as well as high uncertainty brought about by the pandemic. ” the government and the pursued economic policy. Staikouras: Increased confidence in the government “Moody’s has upgraded our country’s credit rating. This is an extremely positive development for Greece and its economy. In fact, the assessment was made in conditions of unprecedented recession of the world economy and individual national economies, as well as high uncertainty that the pandemic has brought “Christos Staikouras emphasizes. This development, he adds,” is evidence of increased confidence in the country and the “Government, for the management of the current crisis, its reform initiatives, but also the prospects of the Greek economy.” our stronger, its economy more productive and our society more fair and cohesive. ”Follow it on Google News and be the first to know all the news See all the latest News from Greece and the World, at



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