Moody’s upgrades Greece’s sovereign bond rating to Caa2 and changes the outlook to positive

Moody’s Investors Service (“Moody’s”) has today upgraded Greece’s long-term issuer rating as well as all senior unsecured bond and programme ratings to Caa2 and (P)Caa2 from Caa3 and (P)Caa3, respectively. The outlook has been changed to positive from stable.

Greece’s short-term ratings have been…

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