Moody's upgrades Athens credit rating
- Written by E.Tsiliopoulos
Moody’s Investors Service announced it has upgraded the rating of the City of Athens to Caa3 from C.
The rating was assigned a stable outlook in line with the outlook on Greece’s sovereign rating.
The credit ratings house attributed the upgrade to the fact that Athens has cured a default on its debt obligations.
According to Moody’s, the upgrade is primarily driven by Athens' December 2013 payment of the remaining 675,000 euro interest on arrears requested by ATEbank’s liquidation commission in order to fully settle the 29.5 million euro loan it incurred in 2003.
Tagged under
Related items
-
Eleni Tsolaki trolls herself after Elon Musk's comment: I have a proposal to take over as CEO of Twitter
-
Mitsotakis sends reminder: Deadline approaching for postal voting applications
-
The Greek brand found in 220 hotels in three countries
-
Italian researcher: Precise location of Plato's burial site revealed by ancient papyrus
-
African dust makes Athens sky orange
Latest from E.Tsiliopoulos
- Eleni Tsolaki trolls herself after Elon Musk's comment: I have a proposal to take over as CEO of Twitter
- ELSTAT: Overnight Stays in Greece Up in Feb.
- Mitsotakis sends reminder: Deadline approaching for postal voting applications
- The Greek brand found in 220 hotels in three countries
- Italian researcher: Precise location of Plato's burial site revealed by ancient papyrus