Moody’s Puts Greece a Step Before Investment With Two-Notch Lift

Greece’s sovereign-credit rating was raised two notches by Moody’s in a sign that the country’s economy is heading to better days leaving behind the debt crisis of the past decade.

The move brings Greece’s rating to Ba1 with stable outlook, only one step away from the investment grade zone that the country lost 13 years ago. Other firms, such as Japan’s Rating and Investment Information Inc., Germany’s Scope Ratings and Canadian DBRS Morningstar, have recently put Greece to the elite status.