On Friday, DBRS Ratings (DBRS Morningstar) upgraded Greece's long-term rating to BB (high) from BB, while it changed the trend of the Greek economy's ratings to stable from positive.
At the same time, DBRS Morningstar upgraded Greece's short-term ratings to R-3 from R-4 while changing the trend to stable from positive.
The Canadian house said the ratings upgrades reflect its view that Greece continues to make progress on economic reforms and "remains fully committed to fiscal consolidation".
(CNA)
CNA
Contents of this article including associated images are owned by CNA
Views & opinions expressed are those of the author and/or CNA
Source
