Moody's affirms Greek rating at B3, with a positive outlook

Moody's has affirmed Greece sovereign credit rating at B3, with a positive outlook, in a credit opinion it issued on Wednesday. Moody's has granted Greece this rating since February 2018.

The international ratings agency noted that Greece's prospects will remain positive as long as the government sticks to the reform program it has pledged, which illustrates that the markets would be upset should Athens avoid to slash Greek pensions from January 2019 as it is supposed to.

"The outlook on Greece's rating is positive, reflecting in particular the potential for faster-than-expected economic growth in the coming years as past reforms bear fruit. Such an outcome requires continued focus on the part of the Greek authorities on fully implementing the agreed institutional and banking sector reforms," noted Moody's.

This note on the credit sector is highlighted as one of...