Moody's rating firm did not alter Greece's C stance on Friday, but the markets don't seem overly concerned on its current standing, regarding the nation's economic outlook.

By agreeing with the BoG estimates, Moody's is offering the Greek Finance ministry probably the best weapon in the upcoming negotiations with the Troika over the Greek banks recapitalization.

Moody’s Investors Service announced it has upgraded the rating of the City of Athens to Caa3 from C.