Posted 10/21/2023, 11:26:00 AM
S&P Upgrades Greece's Credit Rating to Investment Grade for First Time in Over 10 Years
- S&P raises Greece's credit rating to investment grade for the first time in over 10 years
- Move comes after Greece was brought to brink of bankruptcy during debt crisis
- Rating upgrade praised by Greek PM as recognizing reforms and fiscal progress
- Could attract foreign investment, lower borrowing costs for Greece
- Rating still below investment grade by other major agencies Moody's and Fitch