The recent upgrades in Greece’s sovereign credit rating and positive prospects by Standard & Poor’s (S&P) and DBRS has brought the country closer to investment-grade normalcy compared to other Eurozone countries, ANA reports.
For the European Central Bank (ECB) in particular, an investment-grade rating by a single agency alone – S&P, Moody’s, Fitch or DBRS – would be enough to open the way to the ECB purchasing Greek state bonds. Based on the latest ratings, Greece is three grades away from investment-grade in terms of S&P, DBRS and Fitch Ratings, and four grades away in terms of Moody’s rating.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
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