Scope raised Greece’s main sovereign rating by one notch to BBB+ with a Stable outlook, while Moody’s kept its rating at Baa3 and upgraded the outlook to Positive.
The moves cited faster public-debt reduction, stronger fiscal sustainability, and a more resilient economy with firmer medium-term growth prospects.
The double upgrade landed as Greek equities rejoined developed-market indexes under Stoxx, S&P DJI and FTSE Russell, reinforcing Athens’ claim that the economy is back on a steadier footing.
Moody’s action was Greece’s third Positive outlook shift in about a month, after R&I on Aug. 17 and Morningstar DBRS on Sept. 4, with S&P due on Oct. 23 and Fitch on Nov. 6.