Moody's upgrades Greece's bonds 2 notches on better outlook

GMT 22:38 2013 Friday ,29 November

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Arab Today

Credit ratings agency Moody's raised Greece's government bond ratings by two notches Friday, citing improved public finances and a better economic outlook. Moody's action lifts Greece's ratings from "C," the lowest possible level, to "Caa3," which is still in sub-prime status. The outlook for the rating is "stable."

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