Greek bonds are already on A rating for markets

The markets "rate" Greek bonds in the "A" category, five notches higher than their current average rating of "BBB-" that is in the lowest category of the investment grade, as the Bank of Greece pointed out on Friday.

As it states in a note on the Greek economy, Greece's credit rating has followed an upward path for a long time, almost continuously since 2015, as a result of which it will regain investment grade in 2023 and now has an average rating of "BBB-". .

According to the rating agencies' reports, further upgrades of the Greek Government may result from the maintenance of strong economic performance, prudent fiscal policies, the continuation of structural reforms that strengthen the competitiveness of the Greek economy and the further reduction of the stock of nonperforming loans of Greek banks, approaching the EU average. It is worth noting that according to...