Japanese R&I agency raises Greek economy's rating to investment grade BBB- stable

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Japanese R&I agency raises Greek economy's rating to investment grade BBB- stableThe investment grade is considered a harbinger of new upgrades by rating agencies recognized by the European Central Bank. R&I's previous rating was BB+, stable

The Japanese rating agency Rating and Investment Information (R&I) on Monday announced that it has raised Greece's Foreign and Domestic Currency Issuer Ratings to investment grade BBB-, with a stable outlook, ANA reports.

The investment grade is considered a harbinger of new upgrades by rating agencies recognized by the European Central Bank. R&I's previous rating was BB+, stable.

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