After five years of recession and harsh economic climate, Greece has received a small present as a way to encourage them by the financial agency Moody’s.
It is true that this country is specially affected by the crisis since 2008; actually, it represents the lowest GDP rate in Europe.
Inspire of this very difficult economic situation, the financial agency has decided to exit on 2 notches the credit rating of Greece.
This rating was provided to it for several important reasons.
According to Moody’s this decision is included with stable outlooks. That means, Moody’s is not ready for the moment to change the credit rating on long- term.
Then, Moody’s speaks about improvement of the economic outlook. (suite…)