Moody’s is positive about Greece


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.

By: Nicholas de Kramer

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

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