Moody's credit rating agency.

Moody's Remains the Sole Major Rating Agency to Keep Greece Below Investment Grade

Moody's is the only major rating agency that continues to rate Greece below investment grade, reflecting ongoing concerns about the country's financial stability. This article explores the implications of Moody's assessment and the potential impact on Greece's borrowing costs and investor sentiment. The tags used include Moody's, credit rating, Greece, investment grade, financial crisis, European Central Bank, S&P, Fitch Ratings, DBRS Morningstar, and Scope Ratings.
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Gct
2 months ago

Moody’s remained the only major rating agency on Friday to maintain Greece outside the investment-grade states as it affirmed the country’s credit rating at “Ba1”, with a stable outlook.

Last September, the agency had raised Greece's rating two notches from “Ba3”. It has therefore maintained Greece one notch below investment level.

Moody's is considered the toughest of the credit rating agencies that the European Central Bank consults regarding the solvency of European member-states, alongside Standard & Poor's, Fitch Ratings, DBRS Morningstar, and Scope Ratings, all of which have placed Greece on investment level since 2023.

Back at the start of Greece's financial crisis in 2010, Moody's was also the first agency to consider Greek sovereign bonds as "junk," and the other agencies followed. The next rating decision by Moody's is expected in September.

S&P will be the next major agency to give its verdict on Greece, on April 19.

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Tags: credit ratingDBRS MorningstarEuropean central bankfinancial crisisFitch RatingsInvestment gradeMoodyss&pScope ratings
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