Credit rating agency Moody’s has become more positive about Greece. The company enforced the credit assessment for the southern European country and also changed the prognosis, according to a statement.
The credit rating went from B3 to B1 and the expectation was stabilized. That was rather positive. According to Moody’s, the reforms that Greece is starting to bear fruit after a very serious economic crisis are starting to pay off. A stronger economy, combined with close supervision by creditors, reduces the chances of reversing reforms. Furthermore, the sustainability of Greek debt has improved.
Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at email@example.com