Scope Ratings takes Greece a notch from investment grade

Scope Ratings takes Greece a notch from investment grade

German-based agency Scope ratings upgraded Greece’s sovereign credit rating late on Friday from BB to BB+, putting the country just one notch away from investment grade – the first rating agency to do so.

Finance Minister Christos Staikouras commented that “this is the third time a rating agency has upgraded the country’s solvency level amid the health crisis and high-uncertainty conditions around the world, thereby offering yet another vote of confidence in Greece and its prospects. Without a doubt its is a positive development which is added to a chain of positive developments and economic index improvement recently.”

This Friday, September 17, Canada-based DBRS Morningstar is also due to issue a credit rating report on Greece.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.