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Greece Celebrates Moody's Upgrade, Exits Junk Status

3/15/2025

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Summary

Story summary

Greece's government celebrated Moody's upgrade from Ba1 to Baa3, marking the end of 15 years in junk status.
Finance Minister Kostis Hatzidakis hailed the upgrade as a victory for all Greeks, highlighting improved public finances.
Prime Minister Kyriakos Mitsotakis reaffirmed dedication to reforms aimed at boosting investment and job creation.
Greece's national debt is expected to drop below 150% of GDP this year, down from over 200% in 2020.

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Story summary

Greece's government celebrated Moody's upgrade from Ba1 to Baa3, marking the end of 15 years in junk status.
Finance Minister Kostis Hatzidakis hailed the upgrade as a victory for all Greeks, highlighting improved public finances.
Prime Minister Kyriakos Mitsotakis reaffirmed dedication to reforms aimed at boosting investment and job creation.
Greece's national debt is expected to drop below 150% of GDP this year, down from over 200% in 2020.