PM Mitsotakis: “Moody’s Upgrade of Greece’s Rating a Strong Vote of Confidence”

November 7, 2020

ATHENS – Moody's Investors Service on Friday upgraded Greece's credit rating and foreign currency long-term issuer ratings to Ba3 from B1, with a stable recovery outlook in 2021, said the financial agency.

The upgrade came just as Greece is entering a three-week nationwide coronavirus lockdown on Saturday.

Welcoming the upgrade, Prime Minister Kyriakos Mitsotakis wrote on Twitter in English: "Moody’s upgrade of Greece's rating, which came in the midst of a global recession, is a strong vote of confidence in the growth prospects of the Greek economy post-Covid."

PM Mitsotakis on Nationwide Lockdown

Restricting our freedom of movement, in free will, is a practical gesture of solidarity to our fellow citizens in support of the joint struggle against the coronavirus, said Prime Minister Kyriakos Mitsotakis about the three-week nationwide lockdown that came into effect on Saturday.

Speaking during a Saturday e-meeting of key ministers and New Democracy party executive secretariat officials, the Greek Premier also referred to Moody's upgrade of Greece's credit rating at the height of the coronavirus pandemic: "While all economies face an unprecedented recession, Moody's upgraded the prospects of the Greek economy, essentially recognizing the significant growth dynamics and reforms that are taking place in the midst of a pandemic – the growth that may come in Greece when the pandemic is over," he stressed.


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Mission…to Alonnisos, a TNH Documentary

O oceanic you sing and sail White on your body and yellow on your chimeneas For you're tired of the filthy waters of the harbors You who loved the distant Sporades You who lifted the tallest flags You who sail clear through the most dangerous caves Hail to you who let yourself be charmed by the sirens Hail to you for never having been afraid of the Symplegades (Andreas Empeirikos)   What traveler has not been fascinated by the Greek islands, drawn by the Sirens’ song of a traveler’s dreams? TNH and our video show ‘Mission’ marked the change of the season by transporting viewers into the heart of summer.

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