February 21, 2018 / 10:13 PM / 4 months ago

BRIEF-Moody's Upgrades Greece's Rating To B3, Maintains Positive Outlook

* MOODY’S UPGRADES GREECE’S RATING TO B3, MAINTAINS POSITIVE OUTLOOK

* MOODY’S SAYS UPGRADED GREECE’S ISSUER RATING TO B3 FROM CAA2

* MOODY’S SAYS BELIEVES THAT GREECE WILL SUCCESSFULLY CONCLUDE ITS THIRD SUPPORT PROGRAMME AND RETURN TO SELF-SUFFICIENCY AND MARKET-BASED FUNDING

* MOODY’S SAYS GREECE’S LONG-TERM COUNTRY CEILINGS FOR FOREIGN-CURRENCY & LOCAL-CURRENCY BONDS RAISED TO BA2 FROM B3

* MOODY’S SAYS GREECE’S LONG-TERM COUNTRY CEILINGS FOR FOREIGN-CURRENCY, LOCAL-CURRENCY BONDS RAISED TO REFLECT REDUCED RISK OF GREECE EXITING EURO AREA

* MOODY’S SAYS RISK OF ANOTHER DEFAULT OR RESTRUCTURING ON DEBT OWED TO PRIVATE INVESTORS BY GREECE HAS MATERIALLY DECLINED‍​

* MOODY’S ON GREECE SAYS BELIEVES THAT THE RISK OF REVERSAL, DERAILMENT OF FISCAL, ECONOMIC PROGRESS ACHIEVED IS NOW MATERIALLY LOWER Source text for Eikon:

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