The credit profile of Greece (issuer rating B1) is supported by the country’s “Moderate” economic strength, Moody’s rating agency said in an announcement of the completion of its periodic review of the country, according to ANA. The rating agency noted that the announcement, issued on Thursday, was not a credit rating action nor an indication that such an action was likely in the near future.
The country’s credit profile reflected higher wealth levels than peers at similar rating levels, a moderately sized economy with moderate levels of diversification balanced by the still significant uncertainty over medium-term growth prospects, given adverse demographics as well as low investment and savings rates, the announcement pointed out.
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