The Greek state was, just ten years ago, due to a debt and budget crisis, on its way to being forced to leave the eurozone. Now, Moody's, as the last of the major credit rating agencies, has raised the rating of the country's government bonds from so-called junk status.
"Moody's upgrade of Greece to Baa3 marks the final step in restoring our investment grade from all major credit rating agencies. It signals Greece's significant progress," says the country's Prime Minister Kyriakos Mitsotakis in a statement.
Greece still has the highest state debt in the EU, in relation to GDP.
"We are still fully focused on reforms that attract investments, create jobs and drive sustainable growth," Mitsotakis continues in his statement.
