Moody's confirms Greece's government bond rating at Caa3

Market news

28 September 2015

Moody's confirms Greece's government bond rating at Caa3

Moody's Investors Service has confirmed Greece's government bond rating at Caa3 from Caa2 on Friday. The agency upgraded Greece's outlook to stable.

Moody's said that it confirmed the rating due "to the approval of the third bailout programme, and the emergence of a political configuration that is slightly more supportive".

The agency noted that the outlook was upgraded because the risks to creditors are now broadly balanced.

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