Greece’s investment-grade status was restored by Scope Ratings, evidence of its progress in repairing public finances 13 years after it became the first euro-zone member to be cut to junk.

Friday’s decision helps draw a line under the debt crisis that erupted in 2010 and required three international bailout programs as Greece’s membership of the now 20-member euro zone was thrown into question.

Scope Ratings GmbH

Scope Ratings GmbH operates as a credit rating agency. The Company specialises in the analysis and ratings of financial institutions, corporates, structured finance, project finance and public finance. Scope Ratings is registered in accordance with the EU rating regulation and operating.