How Greece came to the cusp of regaining investment grade after 13 years

For rating agencies and major analysts, the story of Greece's debt regaining its investment grade after 13 years is one of the most compelling.

Germany's Scope Ratings, which bestowed this grade on Greece recently, but which, so far, is not recognized by the European Central Bank on a par with DBRS, Fitch, Moody's and Standard & Poor's explains how Greece regained its investment grade and the challenges ahead.

DZ Bank, meanwhile, explores the possibility of the 'big four' bestowing investment grade on Greek debt and what this could mean for the country's economy.

"Recapturing investment grade is a very significant achievement and has in fact occurred under very fast conditions for Greece from an historical perspective," says Dennis Shen, Scope's lead analyst for Greece. "We understand why it has seemed like a long time for Greece. Nevertheless, most sovereigns...