Μake us preferred on Google Prime Minister Kyriakos Mitsotakis said Greece’s latest credit rating developments demonstrate the country’s economic progress and the effectiveness of its economic policy, after Moody’s and Scope Ratings issued positive assessments within 24 hours.
In a statement posted Saturday, Mitsotakis said Moody’s had upgraded the outlook for Greece’s economy while Scope Ratings had raised the country’s credit rating.
Moody’s changed Greece’s outlook from stable to positive while maintaining its Baa3 rating. Scope raised Greece’s sovereign rating from BBB to BBB+, with a stable outlook.
“The new double upgrade of the outlook for the Greek economy by Moody’s and, at the same time, of the country’s credit rating by Scope, within 24 hours, confirms the soundness of the economic policy being pursued, together with the steady and continuous progress of our economy,” Mitsotakis said.
Greece as a symbol of economic resilience
Mitsotakis said that, despite international turbulence and uncertainty, Greece is now viewed by the same international rating agencies that once classified its bonds as “junk” as an example of resilience, growth, reforms and rapid public debt reduction.
“The upgrades confirm Greece’s image as an island of political and economic stability and represent another piece of a national success story,” he said.
He added that those who continue to dismiss or undermine this progress are not doing a disservice to the government but to the citizens who are the protagonists of what he described as a collective effort.
Focus on incomes and jobs
Mitsotakis said the credibility and stability reflected in the latest assessments could provide the basis for a better future, with a lower burden on younger generations.
He said this should help support higher wages and incomes, create more and better jobs, and strengthen the state’s ability to support households and businesses when necessary.
“Greece is moving forward despite the stormy weather,” Mitsotakis said. “With a plan, consistency, hope and results.”
