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Updated · Bloomberg · Sep 19Greece Wins BBB+ Scope Rating, Matching Italy at Highest Level Since Debt Crisis
3 articles · Updated · Bloomberg · Sep 19Summary
- Scope Ratings raised Greece to BBB+, giving the country its highest grade from any major credit assessor since Europe’s sovereign debt crisis.
- The upgrade puts Greece on par with Italy in Scope’s rankings and marks a double boost to Athens’ credit standing.
- Greece is also seeking to eliminate its last remaining rating that still sits at the edge of junk status, extending its recovery from the crisis era.
Insights
Will Greece's miraculous leap from junk status to BBB+ actually improve daily life for citizens still scarred by historical austerity? With public debt still towering, is Greece's celebrated financial comeback a lasting triumph or a temporary illusion fueled by EU funds?