Greece Returns to Investment-Grade Elite With Scope Rating Upgrade
- Scope raises Greek sovereign rating to BBB- from BB+
- Country was rated junk since its debt crisis began in 2010
Greek Prime Minister Kyriakos Mitsotakis
Photographer: Konstantinos Tsakalidis/BloombergThis article is for subscribers only.
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.