European Central Bank

Moody’s maintains Greece below investment level

Moody's remained on Friday the only major rating agency to maintain Greece outside the investment-grade states, as it affirmed the country's credit rating at "Ba1", with a stable outlook.

Last September the agency had raised Greece's rating two notches, from "Ba3". It has therefore maintained Greece one notch before investment level.

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DBRS confirms Greece’s investment grade and Stable trend

DBRS Morningstar confirmed on Friday night Greece's credit rating at BBB (low) with a stable outlook, having been the first major agency last year to restore the country's investment grade.

The Canada-based firm stated that its rating reflects its view that the risks in Greece are fairly balanced.

ECB keeps rates on hold with inflation still sticky

The European Central Bank froze interest rates again on Thursday as it held off from starting to cut borrowing costs amid concerns that sticky inflation is not easing as fast as hoped.

The Frankfurt-based institution's governing council held the benchmark deposit rate steady at a record four percent for a fourth straight meeting, as widely expected.

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